India to offer large carbon capture incentives as coal remains major part of energy mix

India is preparing to launch a national carbon capture initiative with substantial government incentives, as it seeks to balance rising energy demand with its climate goals while relying on coal, a senior official at India’s leading policy think tank said on Thursday.

The initiative, aimed at promoting carbon capture, utilisation and storage (CCUS) technologies, could offer funding support ranging from 50% to 100% for select projects, Rajnath Ram, adviser, energy at NITI Aayog, said.