Examining the Effect of PLI on Green Steel Making in India and its Impact on Climate Change and Carbon Reduction

Abstract

This study examines the impact of the Production Linked Incentive (PLI) scheme on green steel manufacturing in India, focusing on its effectiveness in reducing the carbon footprint of the industry and addressing climate change. The study used a combination of qualitative and quantitative methods, including a review of existing literature and data analysis. Results suggest that the PLI scheme has been successful in promoting green steel manufacturing, but there is still room for improvement in terms of its impact on climate change and carbon reduction. The findings provide insights for policymakers and industry stakeholders to better understand the effectiveness of the PLI scheme and identify areas for improvement. This study highlights the need for further research in this area to better understand the relationship between the PLI scheme and its impact on the environment.