The Council on Energy, Environment and Water (CEEW) study found the emission divide between developed and developing countries is starker when compared to the poorest populations | Latest News India
Net-zero Carbon Emissions: The study, the first-of-its-kind calculation of the cost of decarbonising these industries, also pointed out these two sectors will need Rs 1 lakh crore each year in additional operational expenditure (OPEX) to achieve net zero.
According to a report by the Council on Energy, Environment and Water (CEEW), the steel and cement industry in India will need an additional investment of Rs 47 lakh crore to achieve net-zero carbon emissions. The report suggests that adopting efficient technologies can lead to a significant reduction in emissions without any price increase. It also highlights that reducing emissions by 33% can be achieved with a relatively small portion of the additional investment and operational expenditure.