Green steels and carbon footprint

  • August 5, 2023
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Green steels and carbon footprint

Subject: ENVIRONMENT

Section: Climate Change

Section: Green steel to overcome EU’s proposed Carbon Border Adjustment Mechanism (CBAM)

What is green steel?

  • Essentially, green steel is the manufacturing of steel without the use of fossil fuels.
  • So-called “green hydrogen” is one solution that could help reduce the steel industry’s carbon footprint.

Prelims Titbits

Schemes in news

Places in news:

  • Bevan
  • Novorossiysk port
  • Belarus-Poland -Lithuania Russia Border
  • Kaliningrad

Concept builders:

  • Regional Rural Banks
  • CD ratio, Gross NPAs , Provision coverage ratio (PCR )  and Current and aavings account (CASA)
Environment Green steels and carbon footprint