India’s Steel Expansion: A Carbon-Heavy Path to Growth

As the world’s second-largest crude steel producer, India is setting ambitious goals—targeting a steelmaking capacity of 300 million metric tons by 2030, up from today’s 180 million metric tons. India’s push to expand coal-powered steelmaking might throw a wrench in its 2070 net-zero carbon emissions target, according to a report by Global Energy Monitor (GEM). New coal-based steel projects and an already young fleet of high-emission furnaces could lock India into emitting an additional 680 million metric tons of CO2-equivalent.

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