Workshop on Carbon Capture Utilization and Storage (CCUS) Held by NITI Aayog
Context:
Recently, NITI Aayog, in collaboration with the US government, organized a two-day workshop on “Legal & Regulatory Frameworks and Technical Considerations for Carbon Capture Utilization and Storage (CCUS)” in New Delhi.
- The event aimed to explore the role of CCUS in decarbonizing critical industries in India and address the challenges associated with its implementation.
Key Highlights:
- CCUS is seen as a critical tool for decarbonizing industries like steel, cement, chemicals, and fertilizers that are heavily reliant on fossil fuels.
- The technology supports the hydrogen economy by enabling blue hydrogen production, aiding the transition to green hydrogen based on renewable energy.
- CCUS has the potential to create new economic opportunities by establishing new industries and markets, contributing to India’s broader economic growth.
Policy and Regulatory Frameworks:
- NITI Aayog has established four technical inter-ministerial committees focused on developing standards, storage, transportation, and utilization of CO2.
- These committees are tasked with creating a robust policy framework to address the challenges of CCUS implementation in India, such as technology readiness, high capital costs, infrastructure gaps, and regulatory challenges.
Panel Discussions:
- The workshop featured panel discussions on key legal, policy, and regulatory issues for CCUS, business opportunities, and the potential of CO2 technologies.
- Topics like harmonizing regulatory mechanisms, liability, safety, affordability, and the impact of international regimes like the Carbon Border Adjustment Mechanism (CBAM) were explored.
- Panelists emphasized the need for improved data exchange and collaboration between the US and India for successful deployment of CCUS technologies.
Significance:
- Decarbonization of Key Industries: CCUS is vital for reducing emissions from hard-to-abate sectors that are essential to India’s economic growth. By enabling cleaner coal gasification and supporting the hydrogen economy, CCUS plays a crucial role in India’s journey towards achieving its Net Zero 2070 target.
- Economic and Environmental Benefits: The development of CCUS technologies can lead to the creation of new industries and markets, contributing to economic growth while addressing environmental concerns. It also supports India’s commitments under its Nationally Determined Contributions (NDCs) to combat climate change.
- Global Collaboration: The workshop highlights the importance of international cooperation in advancing CCUS technologies. The collaboration between India and the US reflects a shared commitment to addressing global climate challenges and promoting sustainable development.
- Policy Development: The establishment of technical committees by NITI Aayog marks a significant step towards creating a comprehensive policy framework for CCUS in India. This will be crucial for overcoming barriers to the widespread adoption of CCUS technologies and ensuring that India meets its climate goals.
