Registration will commence at 9:00 AM. Please make sure to arrive at the venue at least 15 minutes prior to the start time. Kindly be seated by 9:45 AM. Passes will be distributed at the registration center on May 17th, 2024.
Economic Advisor Ministry of Steel
Secretary Ministry of Environment, Forest and Climate Change
Secretary Ministry of Steel
Steel sector being one of the largest contributors - about 12% - of India's greenhouse gas emissions, decarbonisation strategies in Steel industry hold the key to India achieving its climate goals. With a significant capacity expansion envisaged in steel sector to 300 mtpa by 2030, it is an opportune moment to chart out a future course of action that balances the dual aspect of increased steel production and improving carbon footprint of the sector. Increasing the share of renewable energy and emphasis of public policy on increasing scrap availability are some of the crucial steps in the direction of shifting towards less carbon intensive production pathways. Ministry of Steel has set up 14 task forces on Green Steel to look into various dimensions, such as technology, demand, finance etc., of decarbonising steel sector.
Marginal abatement cost curve (MACC) and remove other disruptive technologies in Steel sector
Director General, Bureau of Energy Efficiency
Joint Secretary , Ministry of Steel
Data-driven decision-making tools are crucial for enhancing cost-effectiveness of decarbonization of steel sector. Different transition strategies for decarbonization are available in order to devise a holistic action plan towards decarbonization of steel sector. Data-driven decision tools such as Marginal Abatement Cost Curve (MACC), AI, Blockchain etc can be applied by companies. MACC is a decision tool in for evaluating the cost implications of various emission reduction technologies along with normalizing and ranking them. There is an increasing need for better monitoring and harmonizing reporting of emissions. Recent advances in technology such as AI, Blockchain, Machine Learning etc can be leveraged towards a well-rounded strategy for decarbonization initiatives. Speakers in this session will elaborate on Application of tools like MACC, AI, Blockchain etc.
Sustainability Initiatives by Steel sector
Chairman SAIL
Joint Secretary , Ministry of Steel
Several Indian Companies have undertaken steps towards decarbonization and have set ambitious targets for net zero. India’s leading steel companies will share their cross-cutting leanings from their continuous journey to provide valuable lessons for the rest of the industry to enable an industry-wide transition to a low carbon future.
Panel discussion on Financing Decarbonisation of Steel sector
Additional Secretary and Finecial Advisor , Ministry of Steel
Joint Secretary , Ministry of Enviroment Forest and Climate Change
Significant Investment is required to fuel the technological transition to low carbon pathways in steel sector. Mobilizing investment by extra budgetary sources such as Green Climate Fund (GCF), Multilateral development banks, Bilateral Agencies, Public and Private Financial Instituitons (FIs) is essential to meet the financing requirement of decarbonizing the hard to abate, steel sector. Speakers from Government, Multilateral Development Banks, Public and Private FIs will deliberate upon the potential initiatives by their organizations for climate finance.
Kindly refer to the comprehensive agenda provided below for detailed information.
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