| Title | The prominence of carbon capture, utilization and storage technique, a special consideration on India |
|---|---|
| ID_Doc | 7210 |
| Authors | Patidar, AK; Singh, RK; Choudhury, T |
| Title | The prominence of carbon capture, utilization and storage technique, a special consideration on India |
| Year | 2023 |
| Published | |
| Abstract | Developed western nations have achieved substantial progress in establishing CCUS technology by following stringent regulatory guidelines and receiving adequate financial backing from their governments. However, because of financial limitations, expanding populations, and limited access to infrastructure, emerging nations like India are encountering difficulties in their full-scale implementation. The current review offers a global comparison of CCUS status, including its technological advancement, policy framework & deployment strategy, and project scalability between developed countries like the USA, UK, China and developing India. In response to the outcomes of international CCUS initiatives, the Indian government has implemented monetary incentives policies and placed a strong emphasis on public-private partnerships in order to better understand the techno-economic feasibility and scalability of new projects. India has expressed its commitment to intensifying its climate action strategy through an updated Nationally Determined Contribution (NDC) at the recent Conference of the Parties (COP26) session. This demonstrates progress toward the country's long-term objective of becoming net-zero by 2070. By 2030, India has pledged to decrease the emissions intensity of its GDP by 45% from 2005 levels. In this review, the most notable CCUS initiatives launched in developed countries are compared and essential benefits and challenges are underlined for other developing countries. This study additionally examines several socioeconomic, geopolitical, and environmental concerns related to CCUS. However, it can be stated that the emergence of a circular carbon economy on a worldwide scale and technology transfer at the global level will determine the viability of CCUS technology in the future. |
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