According to Prabodha Acharya, if ‘green’ steel means it will be produced without carbon, that is not possible. Besides, there is no standard definition of ‘green’ steel in the world. Economic growth profiles vary, as do production processes. Therefore, standards for ‘green’ steel will have to be defined regionally by the respective governments.
There isn’t a way of producing steel, without releasing carbon, says Prabodha Acharya, chief sustainability officer, JSW Group. Which is why he considers the term ‘green steel’, which means low-carbon steel, a misnomer. In an interview with ET Prime, the climate change and sustainability professional with close to three decades of work experience, builds a business case for India’s own taxonomy for ‘green’ steel. Edited excerpts: Steel is
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