Carbon Sequestration

Despite rising renewable energy generation, coal will remain critical for securing India’s energy needs

Coal continues to secure majority of India’s energy needs with ~55% of the country relying on the fossil fuel for powering its industries and the economy at large. In such a scenario of continued coal use, carbon sequestration emerges as a powerful technology that can simultaneously prevent stranding of fossil fuel-based plants and overshooting the already constrained carbon budget.

Carbon sequestration technology presents an opportunity to ensure optimal usage of fossil fuels with minimal impact on the climate, society and economy

Leveraging this upcoming and yet-to-be scaled technology means that the public and the private sectors, led by hard-to-abate industries, will need to enhance the flow of financing to carbon sequestration technologies. Additionally, the government must create an enabling environment that provides hard-to-abate sectors like cement and concrete and steel to pilot their demonstrations, and subsequently scale carbon sequestration.

Within the umbrella of carbon sequestration, conversion of captured carbon into carbon products can incentivise fossil fuel-based industries to adopt the technology

Through conversion of captured carbon into products, industries may be incentivised to pilot demonstrations of this emerging technology; and this emerging technique can become a case study and help policy makers, industries, and other stakeholders understand the benefits associated with the technology