New Delhi: In a major step toward India's net-zero... ... Union Budget 2026 Live Updates: FM Nirmala Sitharaman presents budget in Lok Sabha

New Delhi: In a major step toward India's net-zero ambitions, Finance Minister Nirmala Sitharaman announced a substantial allocation of Rs 20,000 crore over the next five years for Carbon Capture, Utilisation and Storage (CCUS) technologies in the Union Budget 2026-27 presented on February 1.

This funding aims to accelerate the deployment of CCUS in hard-to-abate industrial sectors, positioning the country to meet its climate commitments while maintaining economic growth.

CCUS involves capturing carbon dioxide emissions from industrial sources, utilising the captured CO2 in products like chemicals or enhanced oil recovery, or storing it permanently underground to prevent atmospheric release. The technology is crucial for decarbonising sectors where emissions are difficult to eliminate through renewables alone, such as power generation, steel production, cement manufacturing, refineries, and chemicals.  Read More..