Context:
The finance ministry has rejected the steel ministry’s plan for a central public entity that would buy green steel in bulk.
Context:
- About Green Steel
- Green steel is steel made using an environment-friendly process that emits less carbon.
- Current Status
- The steel ministry suggested having an agency like EESL, the joint venture of four public sector utilities under the ministry of power.
- A task force has been constituted by the ministry to decide what “green steel” means.
- Steel ministry aims to develop a green steel demand base in India through the GPP policy framework of the steel industry.
