Industry associations in key steel-producing countries, including China and India, have reaffirmed their commitment to intensify efforts to reduce carbon footprint.
The China Iron and Steel Industry Association (CISA) has established a committee to plan, research and develop carbon reduction initiatives and formulate regulatory policies. The work of the committee will be supported by a group of experts, especially on issues related to policies and practices. The industry has set two important goals for China’s future development – achieving carbon neutrality and achieving peak carbon emissions. By the way, the country plans to become carbon neutral by 2060.
Over the years, the Indian government has called for joint action by stakeholders to tackle carbon emissions, which it believes pose a major threat to the global steel industry. The authorities stressed the need to implement technologies that can capture carbon from carbon dioxide, thereby preventing them from entering the atmosphere. Industry must move to carbon capture and storage (CCS) and carbon capture and utilization (CCU), said Rasika Chaube, an additional chief secretary of the Ministry of Steel.