On Wednesday, the Union Minister of Steel and Civil Aviation Jyotiraditya Scindia approved 13 Task Forces for defining the roadmap for ‘Green Steel’. The task forces with the involvement of experts and the industry stakeholders have been identified to deliberate on various aspects of ‘Green Steel’ production, and chalk out action points.
The task force for ‘Green Steel’ will work on developing the taxonomy of the green steel, including terminology, definition, benchmarks, scoping, certification and others.
The task force for “Monitoring of Carbon Emission of Steel Plants” will work on formulating standards for carbon dioxide emission monitoring and development of methodology and institutional mechanism for the monitoring.
Demand Side taskforce will make a policy framework for creating demand for green steel across key end-use sectors. Supply side taskforce will focus on improving energy efficiency, renewable energy transition, material efficiency, Green Hydrogen, Carbon capture uses and storage, and process transition. Facilitator’s taskforce like RD&D will be preparing a research roadmap for the green transition of the steel sector in India.
Finance task force will explore innovative financing mechanisms to fulfill the capital requirement for green transition. International Focus group will identify and collate measures being taken across the world for green steel production and explore possible collaboration. The skill development task force will provide a framework for re-skilling and up-skilling of manpower towards green steel production.