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Steelmakers' emission targets under review

The Economic Times | English | News | Nov. 21, 2025 | Pollution

India is set to revise emission-reduction targets for steelmakers after errors were identified in the earlier calculations under the Carbon Credit Trading Scheme (CCTS) introduced in June 2023. The Ministry of Environment, Forest, and Climate Change initially proposed these targets, with the Bureau of Energy Efficiency responsible for calculating plant-wise greenhouse gas emission intensity (GEI) targets for 253 aluminium, iron, and steel entities. The Central Pollution Control Board (CPCB) holds the authority to penalize steel plants that do not meet the set goals.

Discrepancies were found in the data used to determine these targets, with similar steel projects receiving widely varying goals. This prompted a technical review and triggered a reassessment of the emission targets. Under the CCTS, entities with high emissions can purchase carbon credits to comply, while those exceeding targets can sell excess credits. The scheme also allows banking of carbon credits to aid compliance.

India aims to reduce the average emission intensity of carbon steel from 2.54 tons of CO2 per ton of carbon steel (TCO2/TCS) in 2023-24 to 2.2 TCO2/TCS by 2029-30. Steel produced under these reduced emission targets will be classified as green steel, facilitating concessional terms for exports under the European Union's Carbon Border Adjustment Mechanism (CBAM). Approximately 45% of India's steel exports go to the EU, and ongoing discussions with EU officials seek to secure recognition of India's green steel certifications.

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