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Elephant in the Room: Gargantuan Green Goals & Galling Ground Realities
India produced 125 million metric tons of steel in 2022. The nation aims to cut CO₂ intensity from 2.64 to 2.4 metric tons per metric ton of crude steel by 2030. Most blast furnaces operate with 50 to 60 years of remaining life. Coal supplies 70% of sector energy. Achieving green transition requires $50 billion USD investment. Policymakers must balance emission cuts against job losses near 2 million workers.
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