In a resounding echo of progress, India stands as the world's second-largest symphony of steel production, its resonant chords shaping around 12% of the nation's emissions. A crescendo of growth echoes through the corridors, heralding the rapid expansion of steel production. Against this backdrop, ResponsibleSteel sets its sights on India, delving deep into the intricacies of a nation where steel consumption per capita stands at a mere third of the global average.Emerging from the crucible of the Steel Breakthrough Agenda, the First Movers Coalition steps onto the stage, bearing a harmonious mission, to orchestrate the alignment of industry forces and hasten the symphony of steel decarbonization. With a collective vision, these first movers pledge to draw forth 10% of their sustenance from near-zero sources by the metronome of 2030.The rhapsody of progress was adorned with the splendor of the First Movers Coalition's In-Country Workshop, a harmonious gathering that unfolded in the tapestry of New Delhi in July. The luminary presence of Ms. Annie Heaton, ResponsibleSteel CEO, enriched the event as she wove the practical intricacies of these commitments into the fabric of India's context. Amidst the cadence of steel production poised to double by 2030, a grand challenge is unveiled, a challenge that beckons the innovation of technology. Yet, the orchestration of decarbonization remains akin to a symphony waiting for its conductor.The resplendent notes of the workshop's agenda unveil a stratagem that seeks to capture the potential of CCUS and the growth of hydrogen. A symphony of incentives for carbon reduction takes its place alongside the overture. The orchestration echoes government-backed green bonds, the melodious strains of low-interest debt, and the harmonious resonance of risk-sharing processes, all culminating in a harmonious crescendo, the necessary notes to beckon forth investments that orchestrate India's steel decarbonization opus.
In a resounding echo of progress, India stands as the world's second-largest symphony of steel production, its resonant chords shaping around 12% of the nation's emissions. A crescendo of growth echoes through the corridors, heralding the rapid expansion of steel production. Against this backdrop, ResponsibleSteel sets its sights on India, delving deep into the intricacies of a nation where steel consumption per capita stands at a mere third of the global average.Emerging from the crucible of the Steel Breakthrough Agenda, the First Movers Coalition steps onto the stage, bearing a harmonious mission, to orchestrate the alignment of industry forces and hasten the symphony of steel decarbonization. With a collective vision, these first movers pledge to draw forth 10% of their sustenance from near-zero sources by the metronome of 2030.The rhapsody of progress was adorned with the splendor of the First Movers Coalition's In-Country Workshop, a harmonious gathering that unfolded in the tapestry of New Delhi in July. The luminary presence of Ms. Annie Heaton, ResponsibleSteel CEO, enriched the event as she wove the practical intricacies of these commitments into the fabric of India's context. Amidst the cadence of steel production poised to double by 2030, a grand challenge is unveiled, a challenge that beckons the innovation of technology. Yet, the orchestration of decarbonization remains akin to a symphony waiting for its conductor.The resplendent notes of the workshop's agenda unveil a stratagem that seeks to capture the potential of CCUS and the growth of hydrogen. A symphony of incentives for carbon reduction takes its place alongside the overture. The orchestration echoes government-backed green bonds, the melodious strains of low-interest debt, and the harmonious resonance of risk-sharing processes, all culminating in a harmonious crescendo, the necessary notes to beckon forth investments that orchestrate India's steel decarbonization opus.
