In a recent report, the Reserve Bank of India (RBI) pushed for technological intervention to address carbon emissions from the cement industry to help India meet its net-zero emission targets.
India has pledged to achieve net-zero carbon emissions by 2070 at the Glasgow Climate Summit held in November 2021. The road to this goal, however, is not easy, as India focuses on growing per-capita energy consumption and addressing expanding urbanization.
The RBI stated in one of its recent bulletins that with the country aiming to meet half of its energy needs from renewables and reduce the economy’s carbon intensity by 45% by 2030, it requires a policy relook across sectors, especially where carbon emission is high, and cement industry is one of them.
