In a major push toward decarbonization, the Indian government has allocated $24 billion to Carbon Capture, Utilisation, and Storage (CCUS) under the Union Budget 2026–27. This strategic move aims to slash industrial emissions and support India’s net-zero targets by 2070.

The plan prioritizes large-scale CCUS deployment across high-emission sectors like steel, cement, and power. The funding will focus on developing infrastructure, supporting R&D, and encouraging private sector participation through incentives and policy frameworks.This initiative signals India’s commitment to sustainable industrial growth while balancing energy demands. For the steel sector, which contributes significantly to carbon emissions, the investment opens doors to cleaner production methods and long-term competitiveness in global green markets.

Industry experts view the move as a game-changer that positions India as a serious player in climate innovation. The policy also aims to attract international partnerships and green financing, further reinforcing the country’s green industrial shift.

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