India Bets On Carbon Capture to Keep Its Coal Sector Viable
- Policy promoting carbon removal could come later this year
- About 70% of the power sector’s emissions could be trapped
India is already exploring coal gasification, for which it is setting aside 85 billion rupees ($1 billion) in subsidies to help get projects off the ground.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
India is set to launch a carbon capture policy that it says will allow it to keep exploiting its vast coal resources and deal with its growing emissions, according to to a top government energy adviser.
The policy is expected to be unveiled later this year – should Prime Minister Narendra Modi’s government retain power in upcoming elections — and will include incentives for companies to trap, recycle and where possible store their emissions underground, said Rajnath Ram, energy adviser at Niti Aayog, the policymaking branch of the Indian government.