Niti Aayog launches CCUS policy framework and its deployment mechanism in India

Niti Aayog launches CCUS policy framework and its deployment mechanism in India

Daily Current Affairs   /   Niti Aayog launches CCUS policy framework and its deployment mechanism in India

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Category : National Published on: December 01 2022

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  • Niti Aayog today launched the carbon capture utilisation and storage (CCUS) policy framework and it’s Deployment Mechanism in India.  
  • The report was launched by Vice Chairman Niti Aayog Suman Bery, in the presence of Power secretary Alok Kumar, Dr V Saraswat, member Niti Aayog and other officials in New Delhi.
  • The purpose of CCUS policy framework is to develop and implement a practicable framework to accelerate research and development on carbon capture, utilisation and storage in India.
  • As India is the third largest emitter of CO2 in the world after China and the US about 2.6 gigatonne per annum, carbon capture utilisation and storage is an essential imperative for India to reach its Decarbonisation Goals. 
  • At COP 26 late year in Glasgow, Prime Minister Narendra Modi announced panchamrit to mitigate climate change including achieving net zero by 2070. 
  • The government of India has also committed to reducing CO2 emissions by 50 percent by 2050.
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