India’s small steelmakers could save money and cut emissions with switch to renewable power

A report found that smaller steel companies in India could cut electricity bills by up to 34% and sharply reduce carbon emissions by switching to renewable energy. The authors recommend a cluster-based approach, where small producers jointly invest in owning a renewable energy project to lower individual financial burdens. This shift is seen as essential for the steel sector to meet India's goal of achieving net-zero emissions by 2070.