Steel Industry to Boost Efforts to Cut Impacts of Carbon Emissions

SEATTLE (Scrap Monster): The industry associations in key steel producing nations including China and India have reiterated their commitments to boost efforts to reduce impact of carbon emissions.

The China Iron and Steel Association (CISA) has set up a committee, which will focus on planning, research and development of carbon reduction initiatives and formulating regulation policies. The works of the committee will be supported by an expert group, especially in matters related to policies and techniques. The industry stated two important goals in China’s future development- realizing carbon neutrality and reaching peak of carbon emissions. Incidentally, the country targets to become carbon neutral by 2060.

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Meantime, the Indian government called for collaborated action among stakeholders to address the issue of carbon emissions, which it feels, is a big threat to the global steel industry. The authorities highlighted the need to adopt technologies capable of capturing carbon from carbon dioxide, thus preventing them from entering atmosphere. The industry must transit towards carbon capture and storage (CCS) and carbon capture and utilization (CCU), said Rasika Chaube, Additional Chief Secretary in the Ministry of Steel.