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Are electricity prices and cross-subsidies a barrier to decarbonising India's steel industry?

Åhman, M. LU orcid and Arens, M. LU (2024) In Utilities Policy 91.
Abstract

The main options for deep decarbonisation of primary steel production are to continue using coal and employ carbon capture and storage (CCS) or to change the production process to direct reduction by utilizing hydrogen produced from renewable energy resources. In India, the world's second-largest steel producer, a shift to renewables is inhibited by the current power market regime, which includes a complex cross-subsidy scheme. We calculate the cost of energy and the amount of cross-subsidies paid by the Indian steel industry, analyse the effects of the cross-subsidies on deep decarbonisation options, and discuss the barriers to their removal.

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author
and
organization
publishing date
type
Contribution to journal
publication status
published
subject
in
Utilities Policy
volume
91
article number
101853
publisher
Elsevier
external identifiers
  • scopus:85208283817
ISSN
0957-1787
DOI
10.1016/j.jup.2024.101853
language
English
LU publication?
yes
id
29a601b1-d997-44df-8ee5-6425d989c750
date added to LUP
2024-12-04 10:37:59
date last changed
2025-04-04 14:23:36
@article{29a601b1-d997-44df-8ee5-6425d989c750,
  abstract     = {{<p>The main options for deep decarbonisation of primary steel production are to continue using coal and employ carbon capture and storage (CCS) or to change the production process to direct reduction by utilizing hydrogen produced from renewable energy resources. In India, the world's second-largest steel producer, a shift to renewables is inhibited by the current power market regime, which includes a complex cross-subsidy scheme. We calculate the cost of energy and the amount of cross-subsidies paid by the Indian steel industry, analyse the effects of the cross-subsidies on deep decarbonisation options, and discuss the barriers to their removal.</p>}},
  author       = {{Åhman, M. and Arens, M.}},
  issn         = {{0957-1787}},
  language     = {{eng}},
  publisher    = {{Elsevier}},
  series       = {{Utilities Policy}},
  title        = {{Are electricity prices and cross-subsidies a barrier to decarbonising India's steel industry?}},
  url          = {{http://dx.doi.org/10.1016/j.jup.2024.101853}},
  doi          = {{10.1016/j.jup.2024.101853}},
  volume       = {{91}},
  year         = {{2024}},
}