Latest news with #AstridGrigsbySchulte
CNA
20-05-2025
- Business
- CNA
Global steel sector lagging on green transition as coal-powered production rises, research shows
SINGAPORE: As much as 303 million metric tons per year of new high-emitting blast furnace capacity is under development, especially in major steel producers India and China, new research showed, suggesting it will still make up the vast majority of production by 2030. Steel production is responsible for about 11 per cent of total climate warming greenhouse gas emissions, with global steel demand set to exceed 2 billion tons by 2030, the US-based Global Energy Monitor think tank said. While cleaner electric arc furnace technology is expected to rise 24 per cent by then, blast furnace capacity is set to rise 7 per cent and account for 64 per cent of total global output, GEM said. The think tank warned that the steps taken by India, which accounts for 57 per cent of all new coal-based blast furnace capacity under development, will be pivotal in "greening one of the world's most polluting industries". "India is now the bellwether of global steel decarbonisation," Astrid Grigsby-Schulte, one of the report's authors, said in a statement. The actions of its steel industry will determine how close the sector gets to the International Energy Agency's target of switching 38 per cent of furnaces to electric arc by 2030. China, the world's biggest steel producer, built around 21 million tons of new blast furnace capacity last year, while India added another 10 million tons, GEM data showed.
Reuters
20-05-2025
- Business
- Reuters
Global steel sector lagging on green transition as coal-powered production rises, research shows
SINGAPORE, May 20 (Reuters) - As much as 303 million metric tons per year of new high-emitting blast furnace capacity is under development, especially in major steel producers India and China, new research showed, suggesting it will still make up the vast majority of production by 2030. Steel production is responsible for about 11% of total climate warming greenhouse gas emissions, with global steel demand set to exceed 2 billion tons by 2030, the U.S.-based Global Energy Monitor think tank said. While cleaner electric arc furnace technology is expected to rise 24% by then, blast furnace capacity is set to rise 7% and account for 64% of total global output, GEM said. The think tank warned that the steps taken by India, which accounts for 57% of all new coal-based blast furnace capacity under development, will be pivotal in "greening one of the world's most polluting industries". "India is now the bellwether of global steel decarbonisation," Astrid Grigsby-Schulte, one of the report's authors, said in a statement. The actions of its steel industry will determine how close the sector gets to the International Energy Agency's target of switching 38% of furnaces to electric arc by 2030. China, the world's biggest steel producer, built around 21 million tons of new blast furnace capacity last year, while India added another 10 million tons, GEM data showed.
Yahoo
20-05-2025
- Business
- Yahoo
Global steel sector lagging on green transition as coal-powered production rises, research shows
SINGAPORE (Reuters) -As much as 303 million metric tons per year of new high-emitting blast furnace capacity is under development, especially in major steel producers India and China, new research showed, suggesting it will still make up the vast majority of production by 2030. Steel production is responsible for about 11% of total climate warming greenhouse gas emissions, with global steel demand set to exceed 2 billion tons by 2030, the U.S.-based Global Energy Monitor think tank said. While cleaner electric arc furnace technology is expected to rise 24% by then, blast furnace capacity is set to rise 7% and account for 64% of total global output, GEM said. The think tank warned that the steps taken by India, which accounts for 57% of all new coal-based blast furnace capacity under development, will be pivotal in "greening one of the world's most polluting industries". "India is now the bellwether of global steel decarbonisation," Astrid Grigsby-Schulte, one of the report's authors, said in a statement. The actions of its steel industry will determine how close the sector gets to the International Energy Agency's target of switching 38% of furnaces to electric arc by 2030. China, the world's biggest steel producer, built around 21 million tons of new blast furnace capacity last year, while India added another 10 million tons, GEM data showed. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Independent
20-05-2025
- Business
- The Independent
India's steel expansion threatens climate goals and global efforts to clean up industry: report
India's plans to double steel production by the end of the decade could jeopardize its national climate goals and a key global target to reduce planet-heating gas emissions from the steel industry, according to a report released Tuesday. The report by Global Energy Monitor, an organization that tracks energy projects around the globe, said efforts to decarbonize steelmaking are gaining traction around the world. However, in India, which is the world's second largest steel-producing nation, overwhelming reliance on coal-based technologies presents a big challenge. 'India is now the bellwether of global steel decarbonization,' said Astrid Grigsby-Schulte, project manager of the Global Iron and Steel Tracker at GEM and report co-author. 'If the country does not increase its plans for green steel production, the entire sector will miss an important milestone. So goes India, so goes the world.' Currently, up to 12% of India's greenhouse gas emissions, which go into the atmosphere and heat the planet, come from steelmaking. That number could double in five years if steel is produced in line with the government's plans, according to the report. At the same time, India wants to produce 500 gigawatts of clean power — enough to power nearly 300 million Indian homes — by the end of this decade. The South Asian nation recently crossed the milestone of installing 100 gigawatts of solar power, most of which was installed in the last 10 years. By 2070, India also aims to go net zero, that is, it will either eliminate all carbon dioxide pollution it emits or cancel it out by using other methods, such as planting trees that absorb carbon. Steel production is one of the most carbon polluting industries, responsible for nearly 9% of global greenhouse gas emissions. The International Energy Agency has set a target for 37% of global steelmaking capacity to rely on lower-emission electric arc furnaces by 2030. Current projections by GEM show the world reaching just 36% — a shortfall largely due to India's coal-heavy pipeline. India plans to expand its steel production capacity from 200 million to over 330 million tonnes per year by 2030. According to the new data, over 40% of global capacity in development — about 352 million tonnes per annum — is in India, with more than half of that using coal-based capacity. 'India is the only major steel-producing nation that has so much coal-based capacity in the pipeline,' said Henna Khadeeja, a research analyst with GEM who also worked on the report. India's steel sector releases approximately 2.6 tons of carbon dioxide per ton of steel, roughly 25% more than the global average. China, the world's largest steelmaker, has managed to keep its emissions lower per ton by producing more scrap-based steel and retiring older coal-based plants. India's heavy dependence on coal for steelmaking is driven by a combination of factors: low-cost domestic coal, a relatively young fleet of blast furnaces that still have 20–25 years of operational life left, and a lack of natural gas and steel scrap. The country's scrap recycling ecosystem remains informal, and high-quality iron ore is scarce. 'There is potential for India to change course,' said Khadeeja of GEM. 'Much of the planned capacity is still on paper. Only 8% of it has actually broken ground. This means there is still a window to shift toward lower-emission technologies.' The consequences of producing carbon polluting steel may go beyond climate goals. While India's steel exports are only a small share of its overall production, they could suffer as major markets like the European Union begin enforcing carbon border taxes next year. 'India may be better off tolerating some short-term pain of technological upgrading to make its steel cleaner for long-term competitiveness gain,' said Easwaran Narassimhan of the New Delhi-based think tank Sustainable Futures Collaborative. ___ Follow Sibi Arasu on X at @sibi123 ___ The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
Associated Press
20-05-2025
- Business
- Associated Press
India's steel expansion threatens climate goals and global efforts to clean up industry: report
BENGALURU, India (AP) — India's plans to double steel production by the end of the decade could jeopardize its national climate goals and a key global target to reduce planet-heating gas emissions from the steel industry, according to a report released Tuesday. The report by Global Energy Monitor, an organization that tracks energy projects around the globe, said efforts to decarbonize steelmaking are gaining traction around the world. However, in India, which is the world's second largest steel-producing nation, overwhelming reliance on coal-based technologies presents a big challenge. 'India is now the bellwether of global steel decarbonization,' said Astrid Grigsby-Schulte, project manager of the Global Iron and Steel Tracker at GEM and report co-author. 'If the country does not increase its plans for green steel production, the entire sector will miss an important milestone. So goes India, so goes the world.' Currently, up to 12% of India's greenhouse gas emissions, which go into the atmosphere and heat the planet, come from steelmaking. That number could double in five years if steel is produced in line with the government's plans, according to the report. At the same time, India wants to produce 500 gigawatts of clean power — enough to power nearly 300 million Indian homes — by the end of this decade. The South Asian nation recently crossed the milestone of installing 100 gigawatts of solar power, most of which was installed in the last 10 years. By 2070, India also aims to go net zero, that is, it will either eliminate all carbon dioxide pollution it emits or cancel it out by using other methods, such as planting trees that absorb carbon. Steel production is one of the most carbon polluting industries, responsible for nearly 9% of global greenhouse gas emissions. The International Energy Agency has set a target for 37% of global steelmaking capacity to rely on lower-emission electric arc furnaces by 2030. Current projections by GEM show the world reaching just 36% — a shortfall largely due to India's coal-heavy pipeline. India plans to expand its steel production capacity from 200 million to over 330 million tonnes per year by 2030. According to the new data, over 40% of global capacity in development — about 352 million tonnes per annum — is in India, with more than half of that using coal-based capacity. 'India is the only major steel-producing nation that has so much coal-based capacity in the pipeline,' said Henna Khadeeja, a research analyst with GEM who also worked on the report. India's steel sector releases approximately 2.6 tons of carbon dioxide per ton of steel, roughly 25% more than the global average. China, the world's largest steelmaker, has managed to keep its emissions lower per ton by producing more scrap-based steel and retiring older coal-based plants. India's heavy dependence on coal for steelmaking is driven by a combination of factors: low-cost domestic coal, a relatively young fleet of blast furnaces that still have 20–25 years of operational life left, and a lack of natural gas and steel scrap. The country's scrap recycling ecosystem remains informal, and high-quality iron ore is scarce. 'There is potential for India to change course,' said Khadeeja of GEM. 'Much of the planned capacity is still on paper. Only 8% of it has actually broken ground. This means there is still a window to shift toward lower-emission technologies.' The consequences of producing carbon polluting steel may go beyond climate goals. While India's steel exports are only a small share of its overall production, they could suffer as major markets like the European Union begin enforcing carbon border taxes next year. 'India may be better off tolerating some short-term pain of technological upgrading to make its steel cleaner for long-term competitiveness gain,' said Easwaran Narassimhan of the New Delhi-based think tank Sustainable Futures Collaborative. ___ Follow Sibi Arasu on X at @sibi123 ___ The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
