India steel, cement and thermal plants such as high carbon emissions It is proposing a number of policies to encourage setting up of carbon capture facilities by industries. Production-linked incentive programs, viability gap funding, or carbon credits can all be used to provide incentives. The government can issue carbon credits which can be exchanged on carbon exchanges or a PLI Program Which will encourage how much carbon is collected and used.
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key points :
- According to a government official, the country’s policy think-tank, NITI Aayogwith the aim of reaching Net Zero by 2070, and will soon issue a policy methodology for the utilization of carbon dioxide released by the industry.
- all these industries carbon dioxide emissions 6-10% of the
- Various strategies are being investigated to encourage polluting businesses to build carbon capture facilities so that the carbon dioxide they emit can be captured, used and stored for a variety of industrial uses.
- While the government will support these industries with research and development to build carbon capture plants, options for financial support are also being considered.
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