Union Minister of Steel and Heavy Industries, Shri H.D. Kumaraswamy, Releases India’s Green Steel Taxonomy

New Delhi, Dec 13, 2024, PIB

India is committed to decarbonise the steel sector in alignment with net-zero emission intensity target by 2070.To mark this, as a historic milestone in India’s journey towards low-emission steel, Shri H D Kumaraswamy, Union Minister of Steel & Heavy Industries, unveiled  the Taxonomy of Green Steel for India during an event held at Vigyan Bhavan, on 12th December 2024 in the presence of Shri Bhupathi Raju Srinivasa Varma, Minister of State for Steel and Heavy Industries, Officers of Steel Ministry, representatives from other concerned Ministries, CPSEs, Steel industry players, Think Tanks, Academia and some foreign representatives in India including a delegation of European Union. Globally, there is no commonly accepted definition of green steel; India is the first nation to release the Taxonomy of Green Steel.Shri H D Kumaraswamy, Union Minister of Steel expressed that the release of the Green Steel Taxonomy for India marks not only a significant milestone for the Ministry of Steel but also for our collective mission of transitioning toward a low-carbon economy. The release of the Taxonomy of Green Steel marks a crucial step in advancing the National Mission on Green Steel.Shri Bhupathi Raju Srinivasa Varma, Minister of State for Steel and Heavy Industries, said the launch of the Green Steel Taxonomy represents a transformative framework in steel production that will help define green steel, foster innovation, and create a market for low-carbon products in India.