Catalysing Decarbonisation of Indian Steel

On-going     Bilateral
01 Sep 2024 to 30 Nov 2025

Description

In response to the increasing steel demand from the construction and infrastructure sectors, this project aims to catalyse the decarbonisation of Indian steel production.

The initiative focuses on creating an enabling environment for green steel by introducing regulatory, financial, and educational measures to integrate renewable energy and lowcarbon technologies.

Key actions include: 
1. Implementing regulatory frameworks to support renewable energy integration; 
2. Establishing innovative financing mechanisms that reduce investment risks in clean technologies;
3. Expanding the demand for and demonstration of Best Available Technologies;
4. Enhancing the knowledge and skills of industry stakeholders, including up-skilling women; 
5. Demonstrating business models to boost green steel demand. 

The project anticipates leveraging approximately €600 million in combined private and public funding, aiming to significantly increase the adoption of low-carbon technologies in the sector. 

Federal Ministry of Germany

Federal Ministry for Economic Affairs and Climate Action (BMWK)

Implementing Organisation(s)

ClimateWorks Foundation

Implementing Partner(s)

International Sustainable Energy Foundation (ISEF) Shakti Sustainable Energy Foundation (SSEF or Shakti) Sponge Iron Manufacturers Association (SIMA) The Energy and Resources Institute (TERI) DIW Berlin Small Industries Development Bank of India (SIDBI) Solar Energy Corporation of India (SECI)

Implementing States: State not finalized
Project Lead: Sachin Kumar