By making it mandatory to use 26 percent green steel in government projects, emissions of 20.9 million tonnes of carbon dioxide can be reduced by the year 2030. If the share of green steel becomes 37 percent, then 29.7 million tonnes of carbon dioxide emissions can be avoided. This is equivalent to taking approximately 9 million cars off the road every year. This information has come in the assessment report released on Thursday by the Confederation of Indian Industry i.e. CII and Climate Catalyst.
What is the opinion of experts?
Executive Director of CII and Chairman of the Board of Global Ecolabeling Network K. S. Venkatagiri said that ‘Green Public Procurement can play an important role in moving India’s steel sector towards low carbon production. Sakshi Balani, Director of Climate Catalyst, said, a strong mandate on green steel can transform India’s steel sector at a faster pace than any subsidy or technology incentive. Only green public procurement can reduce carbon emissions and open up investment on a large scale.
Special things related to this
If the Steel Ministry makes 26 percent procurement mandatory in the year 2028, then 93 percent of steel companies are ready for certified green steel.
At present, about 3.16 crore tonnes of steel is consumed every year by spending about Rs 45-50 lakh crore on public procurement.
Pradhan Mantri Awas Yojana Urban 2.0, Metro Rail Projects and Rail Projects The use of green steel increases project costs by only 0.2 per cent to 1.2 per cent. Green public procurement is the most effective means of translating India’s steel sector’s climate ambitions into concrete and measurable action this decade.
