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Government’s Carbon Capture Mission to Be Launched.
With an emphasis on environmental sustainability, exciting news about the next budget has come to light. To lower carbon emissions and improve environmental management, the government intends to launch a Carbon Capture, Utilization, and Storage (CCUS) Mission. This operation would reportedly be carried out in three separate stages, and the government has committed a large budgetary expenditure of between ₹12,000 to ₹15,000 crore to make it a reality. It is anticipated that this project will significantly benefit everyone, particularly Delhi residents.
Phased Approach to Carbon Capture Mission.
There will be three stages to the CCUS Mission, each with distinct objectives and deadlines. Aggressive action against carbon emissions will be the main emphasis of the first phase, which is scheduled to run from 2025 to 2030 and aims to reduce carbon emissions by 5 tons per million. The government would fully finance pilot projects during this phase, working with significant industrial and energy sector firms like ONGC, JSPL, IOCL, Dalmia Bharat, and NTPC. For the mission’s lofty objectives, this is a promising start.
Second Phase: More Funding and Wider Participation.
In the future, the Carbon Capture Mission’s second phase is scheduled from 2030 to 2040. About 30 to 40 percent of the project’s overall costs will be covered by government funds during this phase. Government-funded projects will be selected on the basis of their competitive bids and capacity to lower carbon emissions. This phase’s target of 5–10% carbon emission reduction reflects the increasing maturity of the infrastructure and technology enabling carbon capture projects.
Long-Term Vision: Carbon Emissions Reduction by 2070.
The ultimate stage, scheduled for 2040–2070, seeks to bring the Carbon Capture Mission to full maturity. It is anticipated that at this point, the methods and technology will be completely developed and applied in a variety of industries. Reducing the environmental impact of carbon emissions will be the main objective throughout this period. The government intends to use cutting-edge technologies to accomplish a complete reduction in carbon emissions as the project moves forward, creating a strong basis for a cleaner and greener future.
Budget Allocation and Environmental Impact.
With a budget of ₹12,000 to ₹15,000 crore recommended by the government, the CCUS Mission is anticipated to significantly reduce carbon footprints throughout the country. Implementing the best solutions is ensured by the mission’s emphasis on cooperation between the government and major industry players. This large-scale project demonstrates the government’s resolve to combat climate change and advance sustainable practices, which will ultimately help the economy and the environment.
What is Carbon Capture Mission(CCUS)?
Carbon Capture, Utilization, and Storage is referred to as CCUS. It is a group of technologies created to fight climate change by lowering carbon dioxide (CO₂) emissions from electricity production, industrial operations, and other sources.
Here’s a breakdown of the three main components of CCUS:
Carbon Capture: Carbon capture is the process of removing CO₂ emissions from sources such as factories, power plants, and even the atmosphere before they are released into the air. To extract CO₂ from other gases, physical or chemical methods are usually used.
Carbon Utilization: After being captured, CO₂ can be used again for many industrial purposes. One way to lessen the overall emissions from these industries is to use CO₂ in the manufacturing of chemicals, fuels, or materials like concrete.
Carbon storage: the process of storing captured CO₂ for an extended period in geological formations, such as old oil and gas fields or deep underground rock strata. The goal is to avoid the re-entry of CO₂ into the atmosphere, which would otherwise contribute to global warming.
When it is impossible to completely eradicate emissions from some industries, CCUS is essential to reducing greenhouse gas emissions and enabling nations to reach their climate goals.
