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News Total cost of Indian cement and steel decarbonisation estimated at US$627bn

Total cost of Indian cement and steel decarbonisation estimated at US$627bn

Written by Global Cement staff 13 October 2023
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India: A report by the Council on Energy, Environment and Water (CEEW), funded by power provider BP, has estimated that India’s cement and steel sectors will require capital expenditure (CAPEX) investments of US$627bn in order to reach net zero CO2 emissions. The report stated that waste heat recovery (WHR) and other efficiency-enhancing upgrades to cement plants can immediately reduce the industry’s emissions by 32%.

United News of India has reported that CEEW CEO Arunabha Ghosh said "Incentivising renewable energy will play a pivotal role in decarbonisation, through lower or no transmission charges at central and state levels. The government of India should develop a policy for and expedite the establishment of a carbon capture, utilisation and storage ecosystem to abate more than half of the emissions from the existing steel and cement plants.” Ghosh added “Since hydrogen will play a key role in its implementation, the next phase of the National Green Hydrogen Mission should focus on this agenda."

Last modified on 18 October 2023
Published in Global Cement News
Tagged under
  • India
  • Sustainability
  • Council on Energy, Environment and Water
  • BP
  • capital expenditure
  • net zero
  • CO2
  • costs
  • Emissions
  • renewable energy
  • Government
  • lobbying
  • CCUS
  • hydrogen
  • policy
  • National Green Hydrogen Mission
  • efficiency
  • GCW630
  • carbon capture
  • decarbonisation
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