G V Sanjay Reddy elucidates the essential role of green steel in the renewable energy
When it comes to building our future infrastructure, steel will undoubtedly be the most crucial resource. Steel manufacturing is still an energy-intensive process, with the great majority of energy coming from fossil fuels, notwithstanding some movement from coal to coking coal. It is responsible for about 7-9 per cent of all direct emissions from fossil fuels worldwide, with coal burning accounting for the majority of these. G V Sanjay Reddy believes that there is a future where renewables will be the dominant form of energy. In support of this, he shares insights on how to catalyse our growth towards green steel and reduce coal from the equation. Notably, renewable energy capacity is expected to grow by 50 per cent between 2019 and 2024, according to the International Energy Agency. This growth of 1,200 GW is similar to the United States' present overall power capacity. Solar is estimated to account for approximately 60 per cent of the expected growth, with onshore wind ...