The report, 'Financing the Decarbonization of Indian Secondary
Steel Sector: Towards an Enabling Environment', aims to shed light on the
financial barriers impeding the sector's green transition.
New Delhi: In a significant step towards
sustainable industrial practices, The Energy and Resources Institute (TERI) and
DIW Berlin launched a comprehensive report, spotlighting the challenges in
securing financing for decarbonization technologies in India's
secondary steel sector.
The report, 'Financing the Decarbonization of Indian Secondary Steel Sector:
Towards an Enabling Environment', aims to shed light on the financial barriers
impeding the sector's green transition.
Karsten Neunoff from DIW Berlin initiated
the discussion during the webinar organized for the report's launch. Manish Kumar Shrivastava, Senior Fellow at TERI,
emphasized the unique difficulties faced by the sector: “Transitional
technological pathways are not an option for MSMEs in the secondary steel
sector, owing to their size and physical constraints. The high upfront
investment requirements, combined with technical and structural difficulties,
make decarbonization especially challenging in this sector.”