A joint initiative of JSW and BHP, if successful will significantly decarbonise the steel industry, which is among the largest contributors to carbon emissions. JSW, India's leading private steel manufacturer, has already made significant progress in the direction of reducing carbon emissions, cutting them by 30 per cent from 2005 levels. The company, however, recognises the need to do more, especially given that blast furnaces are set remain the mainstay for steel production for the foreseeable future.