New Delhi: The Union Cabinet is examining a framework that proposes an outlay of Rs 20,000 crore over the next five years to promote Carbon Capture, Utilisation and Storage (CCUS) technologies, a government official said on Wednesday. The framework is currently moving through the Cabinet approval process, Joint Secretary in the Ministry of Power, Aadhar Raj, told participants at a seminar on CCUS organised by the PHD Chamber of Commerce and Industry (PHDCCI).
Follow Energy Watch on X
Raj stressed the need to build an enabling ecosystem for emerging low-carbon technologies through policy support, institutional frameworks and targeted investments.
Raj said the Union Budget 2026-27 had proposed the Rs 20,000 crore outlay for CCUS technologies over a five-year period.
"CCUS represents a significant opportunity for India to balance economic growth with its climate commitments. Strong collaboration among policymakers, industry, research institutions, and investors will be essential to develop scalable, commercially viable carbon management solutions that can contribute meaningfully to India's net-zero ambitions," he said.
The proposal is in line with India's pledge to reach net-zero emissions by 2070, even as the country works to sustain industrial expansion and meet growing energy demand.
The seminar drew senior government officials, industry leaders, researchers, technology providers, investors and sustainability experts. Discussions centred on the role of CCUS in India's decarbonisation push and on the policy, financial and technological measures needed to speed up large-scale deployment across hard-to-abate sectors.
Follow Energy Watch on LinkedIN
"The recommendations emerging from this consultation reflect a shared commitment to creating an enabling ecosystem for CCUS in India. Timely policy support, investment mobilisation, and innovation-led deployment will be crucial for scaling carbon capture technologies and advancing national climate objectives," said Ranjeet Mehta, CEO & Secretary General, PHDCCI.