India, Sept. 4 -- India's new greenhouse gas emission intensity targets for the iron and steel sector mark a significant step towards industrial decarbonisation. The facility-specific approach recognises technological diversity, while robust monitoring, financial support and stronger compliance will be crucial for success

There are compelling reasons why the iron and steel sector has become a critical experimental ground for India's compliance carbon market. The steel sector constitutes a critical sector of importance to the economy and positions India as the second-largest crude steel producer globally. Importantly, the steel sector is under policy scrutiny due to its heavy dependence on coal-based production routes and the energy-inten...