Green Steel Taxonomy
Context:
Recently, the Green Steel taxonomy was released by the Union Minister of Steel and Heavy Industries, Shri H.D. Kumaraswamy.
- This leap was in connection with India’s commitment to decarbonise the steel sector in alignment with the net-zero emission intensity target by 2070.
- India is the first country globally to define a taxonomy for green steel.
Relevance:
GS-02 (Government policies and interventions)
About Green Steel taxonomy:
- Its a framework that defines “Green steel” based on its carbon emission intensity of less than 2.2 tonnes of CO2 per tonne of finished steel.
- In simple terms, it is the way of producing steel with reduced carbon emissions.
- The taxonomy is a classification of steel based on its greenness percentage.
- Five-star green-rated steel: Emission intensity lower than 1.6 tonnes.
- Four-star green-rated steel: Emission intensity between 1.6 and 2.0 tonnes.
- Three-star green-rated steel: Emission intensity between 2.0 and 2.2 tonnes.
- Steel exceeding 2.2 t-CO2e/tfs does not qualify as green steel.
- Nodal agency: National Institute of Secondary Steel Technology (NISST)
- The decarbonising of the steel sector is one among the eight missions under the National Action Plan for Climate Change (NAPCC).
Advantages:
- Enhances environmental sustainability by reducing carbon footprint.
- Green steel is a move that ensures meeting international standards.
- It acts as a guideline for other industries and sectors to adopt green practices.
- It will also foster innovation and create a market for low-carbon products in India.
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