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Informist, Sunday, Feb. 1, 2026

--BUDGET: Moot outlay of INR 200 bln on carbon capture plan over next 5 yrs

--BUDGET: Carbon capture use, storage system for steel power, chem sectors

NEW DELHI – The Union Budget for 2026-27 (Apr-Mar) has proposed an allotment of INR 200 billion for carbon capture utilisation and storage over the next five years, Finance Minister Nirmala Sitharaman said Sunday in her Budget speech. 

"Aligning with the roadmap launched in December 2025, CCUS (carbon capture utilisation and storage) technologies at scale will achieve higher readiness levels in end-use applications across five industrial sectors, including power, steel, cement, refineries, and chemicals," she said.

The research and development roadmap to enable India's net zero targets through carbon capture utilisation and storage was prepared by the Department of Science and Technology. The greening push from the government comes at a time when the European Union's Carbon Border Adjustment Mechanism and other global regulation risk making Indian exports uncompetitive.

India has set the ambitious goal of achieving net zero emissions by 2070, with carbon capture utilisation and storage likely to be one of the pillars of the strategy.  End

Reported by Suryash Kumar

Edited by Rajeev Pai

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