IDEAS home Printed from https://ideas.repec.org/p/bdc/ppaper/33.html
   My bibliography  Save this paper

Policy Landscape for Transition Towards Carbon Neutral Steel Sector

Author

Listed:
  • Amrita Goldar

    (Indian Council for Research on International Economic Relations (ICRIER))

  • Md Sarwar Ali
  • Malay Kotal
  • Poulomi Bhattacharya
  • Ismail Haque

Abstract

This study reviews policy initiatives from top steel-producing G20 countries, focusing on supply, demand, and export promotion, to identify best practices for decarbonizing India's steel sector. It prioritizes policy options based on an Analytical Hierarchy Process (AHP) exercise conducted with stakeholders from industry, government, academia, and civil society. The research makes a twofold contribution to the current body of knowledge. Firstly, it identifies potential policy choices that the Indian steel industry can implement to reduce carbon emissions promptly. Secondly, it conducts a policy-prioritization exercise involving various stakeholders to unite diverse perspectives on supply, demand, and export promotion strategies. This exercise helps determine the most optimal transition pathway for the sector. Some of the policy levers that were deemed to be crucial for decarbonizing the Indian steel sector are technological innovation/upgradation, improvement in energy efficiency, and green procurement and labelling. Additionally, access to finance is critical to facilitate the adoption of low-carbon technologies for the production of low-carbon or green steel.

Suggested Citation

  • Amrita Goldar & Md Sarwar Ali & Malay Kotal & Poulomi Bhattacharya & Ismail Haque, 2024. "Policy Landscape for Transition Towards Carbon Neutral Steel Sector," Indian Council for Research on International Economic Relations (ICRIER) Policy Paper 33, Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India.
  • Handle: RePEc:bdc:ppaper:33
    as

    Download full text from publisher

    File URL: https://icrier.org/pdf/pb-33-Green-Steel.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Low carbon steel; Climate policy; Industrial decarbonization; icrier;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdc:ppaper:33. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chhaya Singh (email available below). General contact details of provider: http://www.icrier.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.