By 2012, Tata Steel aims to reduce its emissions to 1.8 tons of CO2 per ton of steel produced. Currently, Tata Steel emits 2 tons of CO2 for every ton of steel produced, reports MoneyControl.
Tata Steel, which is based in India but has operations throughout the world, aims to get its emissions down to 1.5 tons of CO2 per ton of steel by 2020, reports the Economic Times. Read more about Tata’s environmental and sustainability efforts here.
The improved emissions will coincide with a price hike, although the two were not linked. Tata said that as the global economy improves, the price of steel would firm up and then rise, reports DNA India.
At the Copenhagen climate talks, WSA President Ian Christmas said that two-thirds of the steel industry was collecting emissions data, covering about 90 percent of estimated steel industry emissions globally.
Christmas said that while the steel industry has already put hundreds of millions of dollars into emissions-reducing technology, more help was needed from governments.