India steel plans threaten global emissions goals: report

A recent report has raised concerns about India's ambitious plans to significantly increase its coal-based steel and iron production, warning that these developments could undermine global efforts to curb carbon emissions. As the world's second-largest steel producer, India's strategy to rely heavily on coal poses a significant challenge to international climate goals, particularly as the sector is a major contributor to greenhouse gas emissions. The report suggests that India's expansion could set back years of progress made in reducing the industry's environmental footprint. The Indian government aims to boost steel production capacity to meet the demands of its rapidly growing economy and infrastructure projects. However, critics argue that this reliance on coal contradicts global trends towards cleaner, more sustainable production methods. Countries worldwide are increasingly adopting technologies such as electric arc furnaces and hydrogen-based steelmaking to reduce their carbon impact. The report highlights the urgent need for India to align its industrial strategy with global decarbonization efforts to prevent exacerbating climate change. In response to these concerns, some industry leaders and environmentalists are advocating for India to invest in greener technologies and alternative energy sources. Transitioning to low-carbon production methods could not only help mitigate environmental damage but also position India as a leader in sustainable industrial practices. As the world grapples with climate change, the report underscores the importance of international collaboration and innovation to balance economic growth with environmental responsibility.

— Authored by Next24 Live