India, May 1 -- Developing countries' achievement of Net Zero goals depends on technology transfer & access

A massive transition towards clean energy is underway in the global industrial sector. Steel and cement are considered hard-to-abate sectors due to their major reliance on fossil fuels and limited financial and technical options for aligning with Net Zero targets declared globally. The challenge becomes bigger for developing countries, encompassing the need for a just industrial transition.

In India, these sectors significantly contribute to the gross domestic products and exports, and are core inputs for satisfying the growing economy, population and urbanisation.

India is the second-largest producer of crude steel (around 120 m...