India's finance panel clears ₹19,700cr carbon capture and storage plan
Business
India just took a big step toward fighting industrial pollution: its finance panel has cleared a ₹19,700-crore plan to capture and store carbon emissions from heavy industries like power plants, steel mills, and cement factories.
The goal? Trap up to 7 million tons of CO2 every year and help the country reduce emissions.
Carbon capture plan to unlock ₹37,500cr
The scheme is set to unlock around ₹37,500 crore in investments and is likely to have a dedicated ₹2,500-crore R&D fund to support technology innovation.
It could also help emerging areas like coal gasification and low-carbon hydrogen production, making it a key move for India's greener future.