ArcelorMittal Nippon Steel's India Renewables Effort

The video discusses the paradox of green steel, highlighting the steel industry's efforts to adopt renewable energy and reduce carbon emissions. It covers Arcelor Mittal's initiatives and targets, the importance of carbon trading platforms in India, and the role of climate financing in decarbonization. The video also explores India's strategies for transitioning to clean energy, emphasizing the need for policies and investments to support this shift.

What step has Nippon Steel taken to promote green energy in its operations?

• Reducing steel production

• Building new coal plants

• Seeking round-the-clock renewable energy supply

• Investing in nuclear energy

What is the current global steel manufacturing capacity?

• 1.9 billion tons per annum

• 4.0 billion tons per annum

• 2.6 billion tons per annum

• 3.5 billion tons per annum

By what percentage does Arcelor Mittal aim to reduce carbon emissions globally by 2030?

• 15%

• 25%

• 35%

• 45%

Why is a carbon trading platform critical for India?

• To promote fossil fuel usage

• To reduce steel production

• To establish a carbon market and price carbon appropriately

• To increase coal production

What is a key focus of climate financing in the steel industry?

• Promoting traditional energy sources

• Reducing investment in renewable energy

• Investing in green energy and technology

• Increasing fossil fuel funding

What is India's target for renewable energy capacity?

• 600 GW

• 300 GW

• 400 GW

• 500 GW

What challenge does India face with urbanization and GDP growth?

• Increasing fossil fuel usage

• Reducing urbanization

• Balancing growth with carbon reduction

• Decreasing demand for steel