- Introduction
In December 2024, the Ministry of Steel introduced the Green
Steel Taxonomy Framework (GSTF), India's first
comprehensive system for defining, verifying, and classifying
"green" steel based on emission thresholds of crude
steel. Reports from the Economic Times confirm that this
framework will underpin a nationwide procurement mandate effective
from FY 2027–28. Such measures align with India's
Nationally Determined Contributions (NDCs) under the Paris
Agreement, which commit India to a 45 % reduction in emission
intensity of GDP by 2030. Given that steel and cement together
contribute nearly one-third of India's industrial emissions,
embedding low-carbon standards in public contracts directly
advances the country's climate objectives.
