In alignment with India’s target of achieving net-zero emissions intensity by 2070, the Taxonomy of Green Steel for India was unveiled on 12th December 2024 via the Ministry of Steel.
The Green Steel Taxonomy for India is additional supposed to supplement the transition towards the advancement of the National Mission on Green Steel.
As per definitation, Green Steel shall be expressed as percentage of greenness of steel which is produced from the steel plant having emissions intensity less than 2.2 tonnes of CO2e per tonne of finished steel (tfs).
In other words, steel having emission intensity greater than 2.2 tonnes of CO2e per tonne of finished steel shall not be eligble for green rating.
The threshold values or limits for defining the star ratings shall be reviewed every 3 Years.
- Five Star green-rated steel : 1.6 tCO2e/tfs.
All steel that has emission intensity less than 1.6 tCO2e per tonne of finished steel. - Four Star green-rated steel : > 1.6 tCO2e /tfs and < 2.0 tCO2e /tfs
All steel that has emission intensity less than 2.0 tCO2e per tonne of finished steel but greater than 1.6 tCO2e per tonne of finished steel. - Three Star green-rated steel : > 2.0 tCO2e /tfs and < 2.2 tCO2e /tfs
All steel that has emission intensity less than 2.2 tCO2e per tonne of finished steel but greater than 2.0 tCO2e per tonne of finished steel.
Emissions coverage will include:
- Scope 1 Emissions
- Scope 2 Emissions
- Scope 3 Emissions (only upto finished steel production)
Scope 3 emisisons shall include (wherever applicable):
- Agglomeration
- Sintering
- Pellet making
- Coke making etc
- Benefication
- Embodied Emissions from raw materials and intermediary products
Exclusions from Scope 3 Emissions:
- Upstream mining
- Downstream emissions
- Transportation
Currently, the National institute of Secondary Steel Technology has been identified as the nodal agency for:
- Measuring, Reporting and Verification ( MRV)
- Issuance of Greenness Certificates and
- Issuance of Star Ratings
The issuance of certificates will be on a yearly basis (financial year).
For those steel plants that opt for MRV more frequently, certificates in the corresponding frequency may be issued.
