CCUS Policy Framework & Deployment Mechanism
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🡨 Low Carbon Fuels

Carbon Capture Utilization and Storage (CCUS)

India is the 3rd largest emitter of CO2 in the world with estimated emissions 2.6 Gtpa (2019)

Key elements of CCUS Framework

  • Regional hub and cluster models need to be establishes to drive economies of scale

  • CCUS policy based on Carbon credits/incentives, to promote CCUS sector in India

  • Preferential procurement in Government tenders for low carbon or carbon abated products

  • Incentivize carbon capture by establishing regulated emission levels & allowances

  • Protection of communities and jobs especially in sector affected by clean energy regulations

  • De-risk CCUS projects by limiting CO2 liability/ownership in the value chain & monitor through MVA.

Source: PIB

 
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