India-Sweden Partnership for Green Steel
India and Sweden launched the Industry Transition Partnership (ITP) at COP28 to decarbonise heavy industries like steel and cement. With India being the second-largest steel producer, reducing emissions is vital for sustainability and investment. The partnership emphasizes hydrogen-based processes, electric arc furnaces, and steel scrap recovery despite challenges in green hydrogen costs and material availability. Indian initiatives align with global efforts through renewable energy use and government-backed policies. The collaboration strengthens India’s leadership in sustainable development, integrating global coalitions like LeadIT for standardized practices.
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