India Sets New Emission Targets for Iron and Steel Sector
The Indian government has released revised greenhouse gas emission intensity targets for the iron and steel sector, impacting 255 industrial units. This aligns with the country's carbon credit trading system, aiming to enhance compliance and drive emissions reduction.
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The Ministry of Environment, Forest and Climate Change issued a draft notification on July 2, 2025, establishing greenhouse gas emission intensity (GEI) targets for 255 units in the iron and steel sector, including major players like JSW Steel and Tata. The new targets, applicable only for 2026-27, follow a prior set issued on June 23, 2025, but lack updates for 2025-26.
Stakeholders have a 60-day period to submit feedback. Under the carbon credit trading system launched in 2023, industries that exceed their GEI targets gain tradable carbon credits, while those falling short incur penalties. This initiative forms part of India's broader commitment to reduce emissions intensity by 47% by 2030 compared to 2005 levels.
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