India’s steel industry is struggling to scale “green” production because scrap supply is insufficient. Former Steel Secretary Jindal says only about 25% of steel demand can be met through scrap based manufacturing, while declining iron ore quality adds pressure. The government is pushing pilot projects and missions for green steel, supported by an upcoming carbon credit trading system as output rises.
CAFE III fuel-efficiency standards for auto makers are set to start April 1, 2027, with the government unlikely to extend the deadline. Automakers are already discussing the upcoming norms, and a high-level meeting on April 16 will aim to lock in the framework. The rules include flexible compliance and carbon credit trading, reshaping how companies meet targets.
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Amazon has agreed to pay $30 million for carbon credits produced by Indian rice farmers through the Good Rice Alliance. The programme is backed by Bayer, Temasek’s GenZero, and Shell. The deal is touted as one of the biggest agricultural carbon credit transactions worldwide and the first large-scale one of its kind in India.
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