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Fiscal Fillip for India's Furnaces: IEEFA's Green Gambit
A new report says India's smaller steel producers need government help to cut carbon emissions. The Institute for Energy Economics and Financial Analysis found that these producers make about 47% of the country's steel but rely heavily on coal. Most lack the money to buy cleaner equipment. The institute proposes cheaper loans for proven technologies & grants for new ideas such as hydrogen-based ironmaking. It says support should come only if producers meet efficiency standards & stop building new coal-based plants
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