“We are reducing carbon emission by approximately 2.5% every year whereas the ministry of steel’s commitment is to reduce by 1% every year. We are very aggressive and ambitious in reducing carbon emissions. We are spending Rs 10,00 crore on carbon transition,” says Seshagiri Rao, Joint MD & Group CFO, .
Recently Mr Jindal speaking at an event, laid out the challenges that the steel industry would face to go green along while commiting to go green. Let me start with the commitment bit first.
As far as the steel industry is concerned, coke is used as a reductant and also as a fuel for producing steel. So to replace coke with alternative energy is very difficult. That is why it is considered as a “hard to abate” sector. But at the same time, the kind of initiatives the steel sector is taking globally to reduce carbon emissions and to produce green steel are very large…
JSW Steel’s Seshagiri Rao on going green, carbon financing & hydrogen fuel cells
