NITI Aayog has proposed to decarbonize industrial emissions.
A report released by NITI Aayog highlights the use of Carbon Capture Utilization and Storage (CCUS) technology technology to promote low-carbon-hydrogen economy and remove CO2 stock from the atmosphere.
As a report on Policy Framework for CCUS prepared by NITI Aayog states, the use of Carbon Capture Utilization and Storage (CCUS) technology has a significant role to play in the country to halve carbon dioxide emissions by 2050.
As a report on Policy Framework for CCUS prepared by NITI Aayog states, the use of Carbon Capture Utilization and Storage (CCUS) technology has a significant role to play in the country to halve CO2 emissions by 2050.
The report states that the key to a successful CCUS implementation in India is to create a policy framework that supports the creation of sustainable and viable markets for CCUS projects.
The report suggested that the CCUS policy should be carbon credit or incentive based, to promote the CCUS sector in India through tax and cash credits.
The private sector is unlikely to invest in CCUS unless there are adequate incentives or unless it can benefit from the sale of CO2 or receive credits for avoiding emissions under a carbon pricing regime.
Through the inclusion of these different parties, it will be easier to track the major emitters of carbon-dioxide.
Carbon capture and storage, also known as CCS or carbon sequestration, to combat global warming by capturing CO2 from power stations, industrial sites or even directly from the air and storing it permanently underground Describes the techniques designed.
Carbon sequestration describes the long-term storage of carbon dioxide or other forms of carbon in order to reduce or postpone global warming.
It has been proposed as a way to slow the atmospheric and oceanic accumulation of greenhouse gases, which are released from burning fossil fuels.
Several technologies are being investigated to sequester carbon from the atmosphere. Some of these are:
(1) Ocean cover: Carbon stored in the oceans through direct injection or fertilization.
(2) Geologic Sequestration: Natural pore spaces in geological formations act as reservoirs for long-term carbon dioxide storage.
(3) Terrestrial cover: A large amount of carbon is stored in the soil and vegetation, which are our natural carbon sinks. Increasing carbon fixation through photosynthesis, slowing or reducing the decomposition of organic matter, and changing land use practices can increase the amount of carbon in these natural sinks.
As per the key points suggested by the Emission Gap Report 2022, there is a dire need to address industrial pollution. Recent research suggests an immediate system-wide change in greenhouse gas emissions and an unprecedented reduction in GHG emissions during the next eight years in light of the fact that the world is on track to meet the targets outlined in the 2015 Paris Agreement. Not there .
( DIRECTOR – OJAANK IAS )