Reports outline decarbonisation roadmaps for the cement, aluminum and MSME sectors.
About Decarbonisation
- It refers to the process of reducing or eliminating carbon dioxide (CO₂) emissions from an economy or specific sectors.
- India’s Key Targets
- Nationally Determined Contributions: Reduce emissions intensity of GDP by 45% by 2030 (from 2005 levels).
- Panchamrita: Net zero greenhouse gas (GHG) emissions by 2070.
Significance of Decarbonizing these sectors
- Contribution to India’s total GHG emissions
- Cement sector: ~6%
- Aluminium sector: ~2.8 %
- MSMEs rely heavily on fossil fuels to meet their energy and process requirements.
- Contributed ~135 million tonnes of carbon emissions (MtCO2e) in 2022.
- Mitigate export risks from emerging trade regulations, i.e. the EU’s CBAM.
