India launches national mission to incentivize CCUS technologies for decarbonizing key sectors.

India is launching a national mission to incentivize Carbon Capture Utilisation and Storage (CCUS) technologies, aiming to develop India-specific ecosystems and offer subsidies, incentives, and tax rebates. Key sectors like steel, cement, oil & gas, petrochemicals, and chemicals will benefit, as CCUS is critical for decarbonising hard-to-electrify sectors. The initiative involves setting up pilot plants, and the Union power ministry, NITI Aayog, and the principal scientific adviser's office are collaborating on this plan.

August 08, 2024
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