India has initiated high incentives to speed up the process of carbon capture, utilisation, and storage (CCUS) projects despite coal being a key in its power industry. Rajnath Ram, an advisor at NITI Aayog, affirmed that the chosen ventures could receive 50- 100% state support, based on their scale and location.
The move highlights the dual problem of India, i.e., the reduction of emissions and addressing the increasing electricity demand. New Delhi aims to reach 500 GW of non-fossil capacity by 2030, but still intends to reach approximately 97 GW of new coal power by 2035 to guarantee grid security. The approach emphasizes the balancing process of India over climate commitments and energy security.
