NITI Aayog endorses CCUS policy for carbon capture
ECONOMY & POLICY

NITI Aayog endorses CCUS policy for carbon capture

Carbon Capture, Utilization, and Storage (CCUS) is critical to ensuring India's long-term development and growth, particularly for the production of clean products and energy, which will lead to Aatmanirbhar Bharat.

This is the conclusion of a study published by the government think tank Niti Aayog titled 'Carbon Capture, Utilization, and Storage Policy Framework and its Deployment Mechanism in India.'

The report investigates the significance of CCUS as an emission reduction strategy for achieving deep decarbonisation from difficult-to-abate sectors.

It outlines the broad-level policy interventions required across multiple sectors for its implementation.

As India updates its NDC targets to achieve 50% of total installed capacity from non-fossil based energy sources by 2030, 45% reduction in emission intensity by 2030, and Net Zero by 2070, the role of CCUS as a reduction strategy to achieve decarbonisation from difficult-to-abate sectors becomes important.

“CCUS can enable the production of clean products while still utilizing our rich endowments of coal, reducing imports and thus leading to an Atma Nirbhar Indian economy,” said Suman Bery, Vice Chairman, NITI Aayog.

According to the report, implementing CCUS technology can be a significant step toward decarbonizing the difficult-to-abate sector.

CCUS projects will also result in significant job creation. It is estimated that approximately 750 million tonnes of carbon capture per year by 2050 can generate approximately 8-10 million full-time equivalent job opportunities.

See also:
India require to invest $12.1 trillion till 2050 for decarbonization
India plans carbon credit market for energy, steel and cement


Carbon Capture, Utilization, and Storage (CCUS) is critical to ensuring India's long-term development and growth, particularly for the production of clean products and energy, which will lead to Aatmanirbhar Bharat. This is the conclusion of a study published by the government think tank Niti Aayog titled 'Carbon Capture, Utilization, and Storage Policy Framework and its Deployment Mechanism in India.' The report investigates the significance of CCUS as an emission reduction strategy for achieving deep decarbonisation from difficult-to-abate sectors. It outlines the broad-level policy interventions required across multiple sectors for its implementation. As India updates its NDC targets to achieve 50% of total installed capacity from non-fossil based energy sources by 2030, 45% reduction in emission intensity by 2030, and Net Zero by 2070, the role of CCUS as a reduction strategy to achieve decarbonisation from difficult-to-abate sectors becomes important. “CCUS can enable the production of clean products while still utilizing our rich endowments of coal, reducing imports and thus leading to an Atma Nirbhar Indian economy,” said Suman Bery, Vice Chairman, NITI Aayog. According to the report, implementing CCUS technology can be a significant step toward decarbonizing the difficult-to-abate sector. CCUS projects will also result in significant job creation. It is estimated that approximately 750 million tonnes of carbon capture per year by 2050 can generate approximately 8-10 million full-time equivalent job opportunities. See also: India require to invest $12.1 trillion till 2050 for decarbonizationIndia plans carbon credit market for energy, steel and cement

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?