Vydyuthi Energy Services’ Post

🌿 India Leads the Green Steel Revolution! 🌍 The Ministry of Steel has unveiled the **Green Steel Taxonomy**, setting global benchmarks for sustainability in steel production. Steel is now classified based on emissions: - ⭐ Five-star Green Steel: <1.6 tCO₂/tonne - ⭐ Four-star Green Steel: 1.6–2.0 tCO₂/tonne - ⭐ Three-star Green Steel: 2.0–2.2 tCO₂/tonne Steel emitting ">2.2 tCO₂/tonne" will not qualify as Green Steel This initiative aligns with India’s "NET-ZERO BY 2070 GOALS", encourages sustainable production, and boosts global competitiveness. The government is also considering mandating green steel for public projects. A proud step toward eco-friendly growth! Learn more: [PIB Press Release](https://lnkd.in/gxi5ZpQn) #GreenSteel #Sustainability #IndiaNetZero #Innovation

🇮🇳 𝗜𝗻𝗱𝗶𝗮 𝗣𝗶𝗼𝗻𝗲𝗲𝗿𝘀 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗦𝘁𝗲𝗲𝗹 𝘄𝗶𝘁𝗵 𝗪𝗼𝗿𝗹𝗱’𝘀 𝗙𝗶𝗿𝘀𝘁 𝗚𝗿𝗲𝗲𝗻 𝗦𝘁𝗲𝗲𝗹 𝗧𝗮𝘅𝗼𝗻𝗼𝗺𝘆 🌍 🥇 🏭 India proudly steps into the spotlight as the first nation in the world to unveil the Green Steel Taxonomy, a groundbreaking framework to decarbonize the steel sector. The innovative star rating system classifies steel based on emission intensity, with 5-Star Green Steel (<1.6 tCO2e/tfs) leading the way, followed by 4-Star Green Steel (1.6–2.0 tCO2e/tfs) and 3-Star Green Steel (2.0–2.2 tCO2e/tfs). Steel with emission intensity exceeding 2.2 tCO2e/tfs does not qualify as green steel, ensuring stringent sustainability standards. Aligned with the nation’s net-zero emission intensity target by 2070, this initiative not only fosters innovation but also positions India as a global leader in green industrial transformation. Together, industry stakeholders, policymakers, and thought leaders are building a roadmap toward a cleaner, greener future. #GreenSteel #Sustainability #Decarbonization #IndiaInnovation #NetZero #ClimateAction

🌱 India Introduces Green Steel Taxonomy 🌱 India has established a clear framework for producing environmentally friendly steel, marking a significant milestone in reducing emissions from the steel sector. The newly launched Taxonomy of Green Steel assigns ratings based on CO2 emission intensity, ranging from 3-star to 5-star, for steel with emissions below 2.2 tCO2 per tone of finished steel. Key Highlights: ✅ Target to reduce emissions intensity to 2.2 tCO2/tfs by 2030. ✅ World’s first comprehensive green steel rating system. ✅ Covers Scope 1 and Scope 2 emissions, including direct emissions and energy use, along with selected Scope 3 activities like raw material processing and embodied emissions. ✅ Sustainability driven through measurement, reporting, and certification by the National Institute of Secondary Steel Technology (NISST). This initiative supports India’s net-zero emission goals for 2070 and sets a global benchmark for innovation in sustainable steel production. A vital step towards environmental sustainability and enhanced global competitiveness! #Netzeroemission #greensteel #Taxonomy #India #Ergoenergy

India has taken a pioneering step by becoming the first country globally to establish a Taxonomy of Green Steel 🌍🔗, defining what constitutes "green steel" based on carbon emissions. This framework categorizes steel production into three distinct ratings, depending on the carbon dioxide equivalent emissions per tonne of finished steel: Five-star green-rated steel: Less than 1.6 tCO2e/tfs ⭐⭐⭐⭐⭐ Four-star green steel: Between 1.6 and 2.0 tCO2e/tfs ⭐⭐⭐⭐ Three-star green-rated steel: Between 2.0 and 2.2 tCO2e/tfs ⭐⭐⭐ Steel produced with emissions exceeding this threshold will not qualify as green steel. The Indian Ministry of Steel emphasizes that adherence to this taxonomy is not optional; it is a mandate for all steel manufacturers 🔧🏭, aligning with India's broader mission to decarbonize its industrial sector and reduce its significant contribution to global CO2 emissions. This initiative not only sets a standard for sustainable practices in steel production but also positions India as a leader in the global transition towards greener industrial practices 🌱✨. #GreenSteel #Sustainability #India #Decarbonization #EcoFriendly #Innovation #ClimateAction Declaration 📜This article is based on personal research and intended solely for knowledge-sharing. It is not meant to harm any brand or individual.

🌍 Leading the Green Steel Revolution! 🌟 India has unveiled the world's first Green Steel Taxonomy, setting a transformative path for sustainable steel production! 🛠️♻️ This innovative framework introduces a star-rating system to classify steel based on its emission intensity: ⭐ 5-Star Green Steel: Less than 1.6 tCO₂ per tonne ⭐ 4-Star Green Steel: 1.6 – 2.0 tCO₂ per tonne ⭐ 3-Star Green Steel: 2.0 – 2.2 tCO₂ per tonne This landmark initiative reflects India’s commitment to achieving its 2030 target of reducing emission intensity to 2.2 tCO₂ per tonne. 🌿 At Paryaavarneer, we are dedicated to driving this vision forward through our expertise in ESG services, including CO₂ inventorization and management advisories. 🌟 💡 Let us empower your journey towards lower emissions, regulatory compliance, and sustainable growth.

We're delighted to invite you to the India Net Zero Steel Forum 2024, on 2 September in Mumbai.    The demand for Steel in India is expected to surge from 103 million tonnes in 2021 to 430 million tonnes by 2050. Climate Group and ResponsibleSteel™ are convening steel producers, buyers, supply chain actors, civil society, and the government to garner momentum around steel decarbonisation and for paving pathways for low emission steel. The Forum will discuss the following key questions: ⭕ What would a supportive policy and a regulatory framework for low emission steel in India look like? ⭕ How can companies implement low emission steel procurement strategies, what are the biggest roadblocks for enhancing demand? ⭕ What is the role of certification and standards in ensuring the credibility and transparency of low emission steel products? ⭕ How can we push the business case for higher production of low emission steel, as supply chains evolve to become greener? Who from the industry must attend: Steel producers, steel supply chain vendors, steel buyers from varied sectors including auto, infrastructure and construction, shipping, manufacturing including RE, HVAC, watchmaking and others. Divya Sharma Kinsuk Shuckla Abhas Sinha Aarushi Rai SHIRISH BHARDWAJ Kashish Badar Avantika S. Mike Peirce Sameen Khan Jen Carson Shivakumar K Annie Heaton Rohit Chhabra Ankit Todi Mahindra Group You can find more details about the event and registration on the event page. Registrations would be approved for participation.

🌍 India Pioneers the Green Steel Revolution! 🌟 India has introduced the world's first Green Steel Taxonomy, marking a monumental step towards sustainable steel production! 🛠️♻️ This groundbreaking framework provides a clear star-rating system to classify steel based on its emission intensity: ⭐ 5-Star Green Steel: < 1.6 tCO₂ per tonne ⭐ 4-Star Green Steel: 1.6 – 2.0 tCO₂ per tonne ⭐ 3-Star Green Steel: 2.0 – 2.2 tCO₂ per tonne This initiative supports India’s ambitious target of reducing emission intensity to 2.2 tCO₂ per tonne by 2030! 🌿 At Paryaavarneer Engineers & Consultants Private Ltd , we specialize in ESG services, including CO₂ inventorization and management advisories, helping organizations align with these sustainability goals. 🌟 💡 Let us guide you in reducing emissions, enhancing compliance, and unlocking sustainable growth opportunities. 📩 Reach out to us today! 📧 Email: enquiry@paryaavarneer.in 📞 Phone: +91-9008981927 Together, let’s build a greener, more resilient future 💚✨ #GreenSteel #Sustainability #ESG #Paryaavarneer #IoTreat

Is this the next big thing??? GREEN STEEL I’ve been reading a lot about decarbonisation, reducing emissions, focus on secondary recycling etc. India has been focusing a lot on green steel in order to curb the pollution caused during the manufacturing process. The incentives and schemes from the government, the pilot project of hydrogen based DRI. The steel ministry has even outlined a strategy that would require over $280 billion to convert our existing steel production to green. It’s true that every steel industry emits a ton of smoke and dangerous fumes in the air which are harmful not only of the living beings but to the earth’s atmosphere as well. The rising temperatures, deteriorating AQI, cancers and other diseases are a challenge to control. There is a long way ahead in making green steel efficient and cost effective but it is a future worth looking and working at!!! #manufacturing #green #greensteel #metal #steelindustry #globalmetallurgy #metallurgy #carbon #decarbonisation #hydrogen #greenenergy

🌍 Decarbonizing Steel Industry: The Path Towards Green Steel 🌱 Good Start but long way to go :- INDIAN the steel sector contributing approximately 12% of India's total CO₂ emissions and an emission intensity of 2.55 tonnes CO₂ per tonne of crude steel (surpassing the global average of 1.85 tonnes). Introducing Indian Green Steel: The Ministry of Steel recently launched an innovative classification system for green steel, a step to encourage cleaner production practices: 💚 Green Steel: Emissions below 2.2 tonnes CO₂ per tonne of finished steel. ⭐ Five-Star Green Steel: Emissions below 1.6 tonnes CO₂ per tonne. ⭐ Three-Star Green Steel: Emissions between 2.0 and 2.2 tonnes CO₂ per tonne. How Does India Compare to Global Standards? World Steel Association: Aims to reduce emissions to below 1.0 tonne CO₂ per tonne of steel by promoting Electric Arc Furnace (EAF) technology, which typically emits 0.5–0.7 tonnes CO₂ per tonne. EU Standards: Aggressively advocate EAF technology for cleaner steel production with similar emission benchmarks of 0.5–0.7 tonnes CO₂ per tonne. SBTi Targets: Primary Steel Production: Below 0.5 tonnes CO₂ per tonne of steel by 2050. Secondary Steel Production (Recycled Steel): Targets 0.05 tonnes CO₂ per tonne. ResponsibleSteel Certification: Sets a low-emission target of 1.8 tonnes CO₂ per tonne of crude steel or lower, emphasizing sustainability across the value chain. The Global Challenge and Target: 🌍 Overall, global emission targets for steel production range from 1.0 to 0.5 tonnes CO₂ per tonne, driven by advanced technologies like green hydrogen, carbon capture, and recycled steel production. India’s Green Steel initiative is a positive start, but significant efforts are needed to align with global benchmarks. Transitioning from coal-based production to renewable energy sources, adopting hydrogen-based technologies, and promoting circular economy models will be crucial for the steel industry’s sustainable future. 💡 The Future of Steel is Green: Together, let’s build a resilient and sustainable steel industry that powers a low-carbon world! 🌱 #GreenSteel #Sustainability #Decarbonization #NetZero #SteelIndustry #ClimateAction #SustainableDevelopment

It was a shear bliss to have represented the Indian Steel Recycling Industry at AIIFA STEELEX 2024, presenting our industry's background, key priorities, and future vision to Hon. HD Kumaraswamy, Union Minister for Steel and Heavy Industry. In our discussions, we highlighted five key points crucial for India's sustainable steel future: Defining Green Steel – The need for a clear definition to support eco-friendly practices. Vehicle Scrappage Policy – Promoting recycling to ensure sustainable material flow. Defining Clusters for the Recycling Industry – Establishing designated zones to optimize resources and enhance productivity. Access to Renewable Power – Advocating for green energy to minimize carbon emissions in steel recycling. Mandated Use of Recycled Steel in Government Projects – Ensuring that recycled steel becomes a cornerstone in India’s infrastructure development. It was an incredible opportunity to present these priorities and emphasize the critical role of recycling in driving India’s decarbonization goals. Our industry’s efforts align with the nation's commitment to reducing emissions while fostering a circular economy. Looking forward to the positive outcomes from these discussions as we continue to champion the cause of a sustainable steel industry. #Sustainability #GreenSteel #SteelRecycling #CircularEconomy #RenewableEnergy #GovernmentProjects #AIIFASTEELex2024 #IndianSteelIndustry