"Government Commits Rs 20,000 Crore Over Five Years to Accelerate CCUS Technology for Emission Reductions"

India Allocates Rs 20,000 Crore for Groundbreaking CCUS Technologies to Combat Climate Change

In a groundbreaking move to combat greenhouse gas emissions in carbon-intensive industry sectors, the Indian government has aounced a substantial allocation of Rs 20,000 crore towards the development and deployment of Carbon Capture, Utilisation, and Storage (CCUS) solutions. CCUS technologies encompass a range of iovative approaches aimed at capturing carbon dioxide emissions from industrial processes and either storing them securely over the long term or converting them into usable compounds for other processes.

The primary objective of CCUS technologies is to prevent carbon dioxide emissions from entering the atmosphere, thereby mitigating further global warming. Industries such as steel and cement, where carbon dioxide is a by-product of the manufacturing process, stand to benefit significantly from these technologies. Unlike shifting to renewable energy sources, which may not eliminate carbon emissions in these sectors, CCUS offers a more direct and impactful solution.

With India aiming to achieve net-zero emissions status by 2070, CCUS technologies are set to play a crucial role in capturing and reducing emissions across various industries. While these technologies have been available for years, their widespread implementation has been hindered by scalability challenges and cost issues. The government's substantial investment is poised to bridge this gap and accelerate the adoption of CCUS solutions.

Notably, the allocated Rs 20,000 crore is intended to elevate technology readiness levels beyond TRL-4, signifying a move towards commercial deployment of CCUS solutions. By fostering collaboration between academia and industry, the government aims to facilitate the translation of laboratory-proven technologies into scalable, industry-ready products. This strategic funding initiative is poised to catalyze iovation and drive the adoption of CCUS technologies in key industrial sectors.

Experts in the field of CCUS research, such as Vivek Polshettiwar from the Tata Institute of Fundamental Research, have lauded the government's bold investment in CCUS technologies. With a focus on technology development for sectors including power, steel, cement, refineries, and chemicals, India is poised to lead the way in combating climate change through iovative solutions. The future looks promising for the deployment of CCUS technologies in the country.

Stay informed about the latest advancements in CCUS technologies and other critical news by following us on Instagram. The government's commitment to tackling climate change through cutting-edge solutions marks a significant step towards a sustainable future for India and the planet.