Scaling Transition Finance for Green Industrial Transition of the Indian Iron Steel Sector

This research paper by the Climate Policy Initiative outlines a framework and recommendations for scaling transition finance to decarbonize India's iron and steel sector, which is the country's largest carbon-emitting industrial sector.

• The industrial sector is projected to be the primary source of carbon emissions in India by 2040, with the iron and steel sector currently serving as the largest carbon-emitting industrial sector within the country.
• To meet the Paris Agreement climate goals and India's 2070 net-zero emissions target, the paper recommends several strategic actions: implementing a national sustainable finance taxonomy for green and transitional activities, mandating the disclosure of corporate transition plans with standardized assessment guidelines, designing green industrial policies, and developing technology roadmaps and sectoral transition pathways.
• India is the world's second-largest producer of crude steel and has the potential to become a global leader in low-carbon steel production if it can combine strategic financing, policy support, and industry commitment.

APA

Climate Policy Initiative (2025). Scaling Transition Finance for Green Industrial Transition of the Indian Iron Steel Sector. https://www.climatepolicyinitiative.org/publication/scaling-transition-finance-for-green-industrial-transition-of-the-indian-iron-steel-sector/

Chicago

Climate Policy Initiative. Scaling Transition Finance for Green Industrial Transition of the Indian Iron Steel Sector. 2025. https://www.climatepolicyinitiative.org/publication/scaling-transition-finance-for-green-industrial-transition-of-the-indian-iron-steel-sector/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Scaling Transition Finance for Green Industrial Transition of the Indian Iron Steel Sector |date=28 February 2025 |url=https://www.climatepolicyinitiative.org/publication/scaling-transition-finance-for-green-industrial-transition-of-the-indian-iron-steel-sector/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2025scaling, author = {{Climate Policy Initiative}}, title = {{Scaling Transition Finance for Green Industrial Transition of the Indian Iron Steel Sector}}, institution = {Climate Policy Initiative}, year = {2025}, month = feb, url = {https://www.climatepolicyinitiative.org/publication/scaling-transition-finance-for-green-industrial-transition-of-the-indian-iron-steel-sector/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }