Browsing: Asia

In the heart of Madhya Pradesh’s steel belt, furnaces burn day and night, producing the metal that underpins India’s highways, railways, and high-rises. For workers, the economic payoff is clear, but so is the environmental cost. India’s steel sector emits more than 2.5 tonnes of CO₂ per tonne of steel produced, significantly above the global average, and heavy industries remain the country’s largest industrial greenhouse gas emitters.

More than half of India’s steel exports now flow to the European Union, a market that has effectively rewritten the economics of carbon-intensive manufacturing. With the EU’s carbon border adjustment mechanism entering its implementation phase this month, Indian steelmakers face the prospect of paying levies tied directly to the emissions embedded in their products, a shift that threatens to erode price competitiveness built on coal-based production.