Policy
India Sets CO2 Intensity Targets for 255 Steel Plants
India's environment ministry has drafted CO2-intensity reduction targets for 255 iron and steel plants under the Carbon Credit Trading Scheme, starting FY2026-27. The 255 units carry a combined baseline of 358.6 MtCO2e, and required cuts range from 2.1% to 9.3% depending on each plant's starting intensity. For refractory and insulation buyers, the near-term compliance lever is energy efficiency — which starts at the furnace lining.