Carbon Capture and Storage (CCS) stands as a disruptive force in the battle against climate change. This groundbreaking technology captures carbon dioxide emissions from industrial processes and power plants, averting their release into the atmosphere. Utilizing advanced capture methods such as chemical absorption and membrane separation, CCS presents a sustainable avenue for curbing greenhouse gas emissions. By securely storing the captured carbon underground, it ensures long-term environmental benefits. CCS heralds a new era in energy production and environmental stewardship, promising transformative solutions to mitigate the impacts of climate change.
The Circular Economy Handbook shows how companies are taking transformative steps toward circularity, creating new opportunities for competitiveness. Read more. (https://www.accenture.com/us-en/about/events/the-circular-economy-handbook?c=acn_glb_purposeslideshare_11151809&n=otc_0220)
Business guide on carbon emission redution and sustainabilityBarney Loehnis
Guide on how businesses can reduce their carbon footprint, with a focus on Asia and Hong Kong, but broadly relevant for any global brand.
The guide was developed by contributions from Cathay Pacific, HSBC, Hang Seng, Hang Lung, Hong Kong Land, OSBC, Bank of East Asia (BEA), Aegis, MTR Corporation, Sino Group, Standard Chartered, Gammon Hong Kong Electric, China Light and Power (CLP), OOCL, PCCW, DTZ, Town Gas and Swire Pacific
The Circular Economy Handbook shows how companies are taking transformative steps toward circularity, creating new opportunities for competitiveness. Read more. https://accntu.re/36AfPX6
Sitra commissioned Ecofys to describe the science-based targets methodology and to provide information about the process. This report explains why and how companies can set their own science-based emission reduction targets and show the benefits at company level. In connection to this report, two leading Finnish companies have demonstrated, how the process works and what kind of benefits they have gained by setting science-based targets.
Tim Sperry, Founder of Carbon Limit Co, graced the cover of World’s Leaders Magazine as one of the Worlds Most Innovative Climate Tech Companies to Watch in 2024
The Circular Economy Handbook shows how companies are taking transformative steps toward circularity, creating new opportunities for competitiveness. Read more. (https://www.accenture.com/us-en/about/events/the-circular-economy-handbook?c=acn_glb_purposeslideshare_11151809&n=otc_0220)
Business guide on carbon emission redution and sustainabilityBarney Loehnis
Guide on how businesses can reduce their carbon footprint, with a focus on Asia and Hong Kong, but broadly relevant for any global brand.
The guide was developed by contributions from Cathay Pacific, HSBC, Hang Seng, Hang Lung, Hong Kong Land, OSBC, Bank of East Asia (BEA), Aegis, MTR Corporation, Sino Group, Standard Chartered, Gammon Hong Kong Electric, China Light and Power (CLP), OOCL, PCCW, DTZ, Town Gas and Swire Pacific
The Circular Economy Handbook shows how companies are taking transformative steps toward circularity, creating new opportunities for competitiveness. Read more. https://accntu.re/36AfPX6
Sitra commissioned Ecofys to describe the science-based targets methodology and to provide information about the process. This report explains why and how companies can set their own science-based emission reduction targets and show the benefits at company level. In connection to this report, two leading Finnish companies have demonstrated, how the process works and what kind of benefits they have gained by setting science-based targets.
Tim Sperry, Founder of Carbon Limit Co, graced the cover of World’s Leaders Magazine as one of the Worlds Most Innovative Climate Tech Companies to Watch in 2024
The importance of creating a market ready labour force with the green skills to support economic reform, the establishment of new high growth industry sectors & regional economic renewal
Independent of industry, BCG Green Ventures believes in 12 concrete opportunities the world needs to get to net zero. These are the 12 levers available for any given corporate to participate in the decarbonization economy, which we are treating as a massive value creation opportunity.
The global demand for achieving the net zero emission target by 2050 has pushed governments all over to adapt and adopt advanced carbon removal technologies to go carbon negative.
It is, indeed, an important topic of discussion, because a carbon free environment is the need of the hour to save our planet. And, therefore, BIS Research is glad to announce its upcoming webinar on this particular subject.
Agenda:
The main agenda of this webinar is to understand and explore the following:
• Primary sources of carbon emissions and associated environmental issues
• Carbon dioxide removal – key technology and adoption scenario
• Carbon dioxide removal (CDR): trends and key market developments
• Carbon dioxide removal as a credible solution
• Conclusion and future outlook
Carbon Mitigation Technologies: CCUS Carbon Capture, Utilization, and StorageEpconLP
Carbon Capture, Utilization, and Storage (CCUS) is a technology that captures carbon dioxide emissions from industrial processes and stores them in geological formations or utilizes them to create products, drastically reducing carbon emissions into the atmosphere. Read more : https://epconlp.com/2022/02/read-epcons-article-in-fugitive-emissions-journal/
Webinar Series: Public engagement, education and outreach for CCS. Part 4: Is...Global CCS Institute
Teesside Collective has been developing a financial support mechanism to kickstart an Industrial Carbon Capture and Storage (CCS) network in the UK. This project would transform the Teesside economy, which could act as a pilot area in the UK as part of the Government’s Industrial Strategy.
The final report– produced by Pöyry Management Consulting in partnership with Teesside Collective – outlines how near-term investment in CCS can be a cost-effective, attractive proposition for both Government and energy-intensive industry.
The report was published on Teesside Collective’s website on 7 February. You will be able to view copies of the report in advance of the webinar.
We were delighted to welcome Sarah Tennison from Tees Valley Combined Authority back onto the webinar programme. Sarah was joined by Phil Hare and Stuart Murray from Pöyry Management Consulting, to take us through the detail of the model and business case for Industrial CCS.
This webinar offered a rare opportunity to speak directly with these project developers and understand more about their proposed financial support mechanism.
Collie Hub Presentation - Global CCS Institute Members Meeting - Rotterdam, M...Global CCS Institute
Slides from Dominique van Gent’s 'Projects' Breakout session at the Global CCS Institute’s Members Meeting in Rotterdam, 9 May 2011.
Dominique presented these slides at one of the breakout sessions where he discussed lessons learnt from the Collie Hub project that has been established to examine the options for CCS in the South West of Western Australia.
Please click 'download' to download the PDF.
The world can save an estimated US$550 billion on the cost of deploying clean energy technologies over the next decade, putting them on a path to cost competitiveness, if countries work together to accelerate innovation by unlocking global collaboration. This is one of the key findings in a new report, United Innovations: cost-competitive clean energy through global collaboration, published today by the Carbon Trust, with funding from the UK Foreign and Commonwealth Office Prosperity Fund.
Anthropogenic emissions of GHG need to fall to zero by 2100 and be stabilized at 550 ppm by 2030 to prevent the global mean temperature rising from current levels to over 3oC by the end of this century. This will require collaborative action among developed, developing and emerging markets to reduce annual global emissions from 60 GtCO2e to less than 30 GtCO2e in the coming decades. In the light of these events, the most accepted way to deal with the threat of climate change posed by increased CO2 and other greenhouse gasses emissions in the atmosphere is to move over time to a Low-Carbon Economy; This essay aims to shed some light on what is really a very complicated subject. The use of different instruments and capabilities for adaptation and mitigation and how best to adapt and remain resilient to changes. Approaches that promote the use of market instruments may offer valuable ways to induce feasible climate change management at the same time that such mechanisms may avoid stifling economic activities and ensure sustainability over time.
Top 8 Strategies for Effective Sustainable Waste Management.pdfJhon Wick
Discover top strategies for effective sustainable waste management, including product removal and product destruction. Learn how to reduce, reuse, recycle, compost, implement waste segregation, and explore innovative technologies for a greener future.
The importance of creating a market ready labour force with the green skills to support economic reform, the establishment of new high growth industry sectors & regional economic renewal
Independent of industry, BCG Green Ventures believes in 12 concrete opportunities the world needs to get to net zero. These are the 12 levers available for any given corporate to participate in the decarbonization economy, which we are treating as a massive value creation opportunity.
The global demand for achieving the net zero emission target by 2050 has pushed governments all over to adapt and adopt advanced carbon removal technologies to go carbon negative.
It is, indeed, an important topic of discussion, because a carbon free environment is the need of the hour to save our planet. And, therefore, BIS Research is glad to announce its upcoming webinar on this particular subject.
Agenda:
The main agenda of this webinar is to understand and explore the following:
• Primary sources of carbon emissions and associated environmental issues
• Carbon dioxide removal – key technology and adoption scenario
• Carbon dioxide removal (CDR): trends and key market developments
• Carbon dioxide removal as a credible solution
• Conclusion and future outlook
Carbon Mitigation Technologies: CCUS Carbon Capture, Utilization, and StorageEpconLP
Carbon Capture, Utilization, and Storage (CCUS) is a technology that captures carbon dioxide emissions from industrial processes and stores them in geological formations or utilizes them to create products, drastically reducing carbon emissions into the atmosphere. Read more : https://epconlp.com/2022/02/read-epcons-article-in-fugitive-emissions-journal/
Webinar Series: Public engagement, education and outreach for CCS. Part 4: Is...Global CCS Institute
Teesside Collective has been developing a financial support mechanism to kickstart an Industrial Carbon Capture and Storage (CCS) network in the UK. This project would transform the Teesside economy, which could act as a pilot area in the UK as part of the Government’s Industrial Strategy.
The final report– produced by Pöyry Management Consulting in partnership with Teesside Collective – outlines how near-term investment in CCS can be a cost-effective, attractive proposition for both Government and energy-intensive industry.
The report was published on Teesside Collective’s website on 7 February. You will be able to view copies of the report in advance of the webinar.
We were delighted to welcome Sarah Tennison from Tees Valley Combined Authority back onto the webinar programme. Sarah was joined by Phil Hare and Stuart Murray from Pöyry Management Consulting, to take us through the detail of the model and business case for Industrial CCS.
This webinar offered a rare opportunity to speak directly with these project developers and understand more about their proposed financial support mechanism.
Collie Hub Presentation - Global CCS Institute Members Meeting - Rotterdam, M...Global CCS Institute
Slides from Dominique van Gent’s 'Projects' Breakout session at the Global CCS Institute’s Members Meeting in Rotterdam, 9 May 2011.
Dominique presented these slides at one of the breakout sessions where he discussed lessons learnt from the Collie Hub project that has been established to examine the options for CCS in the South West of Western Australia.
Please click 'download' to download the PDF.
The world can save an estimated US$550 billion on the cost of deploying clean energy technologies over the next decade, putting them on a path to cost competitiveness, if countries work together to accelerate innovation by unlocking global collaboration. This is one of the key findings in a new report, United Innovations: cost-competitive clean energy through global collaboration, published today by the Carbon Trust, with funding from the UK Foreign and Commonwealth Office Prosperity Fund.
Anthropogenic emissions of GHG need to fall to zero by 2100 and be stabilized at 550 ppm by 2030 to prevent the global mean temperature rising from current levels to over 3oC by the end of this century. This will require collaborative action among developed, developing and emerging markets to reduce annual global emissions from 60 GtCO2e to less than 30 GtCO2e in the coming decades. In the light of these events, the most accepted way to deal with the threat of climate change posed by increased CO2 and other greenhouse gasses emissions in the atmosphere is to move over time to a Low-Carbon Economy; This essay aims to shed some light on what is really a very complicated subject. The use of different instruments and capabilities for adaptation and mitigation and how best to adapt and remain resilient to changes. Approaches that promote the use of market instruments may offer valuable ways to induce feasible climate change management at the same time that such mechanisms may avoid stifling economic activities and ensure sustainability over time.
Similar a Carbon Capture and Storage- A Disruptive Technology (20)
Top 8 Strategies for Effective Sustainable Waste Management.pdfJhon Wick
Discover top strategies for effective sustainable waste management, including product removal and product destruction. Learn how to reduce, reuse, recycle, compost, implement waste segregation, and explore innovative technologies for a greener future.
"Understanding the Carbon Cycle: Processes, Human Impacts, and Strategies for...MMariSelvam4
The carbon cycle is a critical component of Earth's environmental system, governing the movement and transformation of carbon through various reservoirs, including the atmosphere, oceans, soil, and living organisms. This complex cycle involves several key processes such as photosynthesis, respiration, decomposition, and carbon sequestration, each contributing to the regulation of carbon levels on the planet.
Human activities, particularly fossil fuel combustion and deforestation, have significantly altered the natural carbon cycle, leading to increased atmospheric carbon dioxide concentrations and driving climate change. Understanding the intricacies of the carbon cycle is essential for assessing the impacts of these changes and developing effective mitigation strategies.
By studying the carbon cycle, scientists can identify carbon sources and sinks, measure carbon fluxes, and predict future trends. This knowledge is crucial for crafting policies aimed at reducing carbon emissions, enhancing carbon storage, and promoting sustainable practices. The carbon cycle's interplay with climate systems, ecosystems, and human activities underscores its importance in maintaining a stable and healthy planet.
In-depth exploration of the carbon cycle reveals the delicate balance required to sustain life and the urgent need to address anthropogenic influences. Through research, education, and policy, we can work towards restoring equilibrium in the carbon cycle and ensuring a sustainable future for generations to come.
WRI’s brand new “Food Service Playbook for Promoting Sustainable Food Choices” gives food service operators the very latest strategies for creating dining environments that empower consumers to choose sustainable, plant-rich dishes. This research builds off our first guide for food service, now with industry experience and insights from nearly 350 academic trials.
Altered Terrain: Colonial Encroachment and Environmental Changes in Cachar, A...PriyankaKilaniya
The beginning of colonial policy in the area was signaled by the British annexation of the Cachar district in southern Assam in 1832. The region became an alluring investment opportunity for Europeans after British rule over Cachar, especially after the accidental discovery of wild tea in 1855. Within this historical context, this study explores three major stages that characterize the evolution of nature. First, it examines the distribution and growth of tea plantations, examining their size and rate of expansion. The second aspect of the study examines the consequences of land concessions, which led to the initial loss of native forests. Finally, the study investigates the increased strain on forests caused by migrant workers' demands. It also highlights the crucial role that the Forest Department plays in protecting these natural habitats from the invasion of tea planters. This study aims to analyze the intricate relationship between colonialism and the altered landscape of Cachar, Assam, by means of a thorough investigation, shedding light on the environmental, economic, and societal aspects of this historical transformation.
Characterization and the Kinetics of drying at the drying oven and with micro...Open Access Research Paper
The objective of this work is to contribute to valorization de Nephelium lappaceum by the characterization of kinetics of drying of seeds of Nephelium lappaceum. The seeds were dehydrated until a constant mass respectively in a drying oven and a microwawe oven. The temperatures and the powers of drying are respectively: 50, 60 and 70°C and 140, 280 and 420 W. The results show that the curves of drying of seeds of Nephelium lappaceum do not present a phase of constant kinetics. The coefficients of diffusion vary between 2.09.10-8 to 2.98. 10-8m-2/s in the interval of 50°C at 70°C and between 4.83×10-07 at 9.04×10-07 m-8/s for the powers going of 140 W with 420 W the relation between Arrhenius and a value of energy of activation of 16.49 kJ. mol-1 expressed the effect of the temperature on effective diffusivity.
Willie Nelson Net Worth: A Journey Through Music, Movies, and Business Venturesgreendigital
Willie Nelson is a name that resonates within the world of music and entertainment. Known for his unique voice, and masterful guitar skills. and an extraordinary career spanning several decades. Nelson has become a legend in the country music scene. But, his influence extends far beyond the realm of music. with ventures in acting, writing, activism, and business. This comprehensive article delves into Willie Nelson net worth. exploring the various facets of his career that have contributed to his large fortune.
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Introduction
Willie Nelson net worth is a testament to his enduring influence and success in many fields. Born on April 29, 1933, in Abbott, Texas. Nelson's journey from a humble beginning to becoming one of the most iconic figures in American music is nothing short of inspirational. His net worth, which estimated to be around $25 million as of 2024. reflects a career that is as diverse as it is prolific.
Early Life and Musical Beginnings
Humble Origins
Willie Hugh Nelson was born during the Great Depression. a time of significant economic hardship in the United States. Raised by his grandparents. Nelson found solace and inspiration in music from an early age. His grandmother taught him to play the guitar. setting the stage for what would become an illustrious career.
First Steps in Music
Nelson's initial foray into the music industry was fraught with challenges. He moved to Nashville, Tennessee, to pursue his dreams, but success did not come . Working as a songwriter, Nelson penned hits for other artists. which helped him gain a foothold in the competitive music scene. His songwriting skills contributed to his early earnings. laying the foundation for his net worth.
Rise to Stardom
Breakthrough Albums
The 1970s marked a turning point in Willie Nelson's career. His albums "Shotgun Willie" (1973), "Red Headed Stranger" (1975). and "Stardust" (1978) received critical acclaim and commercial success. These albums not only solidified his position in the country music genre. but also introduced his music to a broader audience. The success of these albums played a crucial role in boosting Willie Nelson net worth.
Iconic Songs
Willie Nelson net worth is also attributed to his extensive catalog of hit songs. Tracks like "Blue Eyes Crying in the Rain," "On the Road Again," and "Always on My Mind" have become timeless classics. These songs have not only earned Nelson large royalties but have also ensured his continued relevance in the music industry.
Acting and Film Career
Hollywood Ventures
In addition to his music career, Willie Nelson has also made a mark in Hollywood. His distinctive personality and on-screen presence have landed him roles in several films and television shows. Notable appearances include roles in "The Electric Horseman" (1979), "Honeysuckle Rose" (1980), and "Barbarosa" (1982). These acting gigs have added a significant amount to Willie Nelson net worth.
Television Appearances
Nelson's char
UNDERSTANDING WHAT GREEN WASHING IS!.pdfJulietMogola
Many companies today use green washing to lure the public into thinking they are conserving the environment but in real sense they are doing more harm. There have been such several cases from very big companies here in Kenya and also globally. This ranges from various sectors from manufacturing and goes to consumer products. Educating people on greenwashing will enable people to make better choices based on their analysis and not on what they see on marketing sites.
Climate Change All over the World .pptxsairaanwer024
Climate change refers to significant and lasting changes in the average weather patterns over periods ranging from decades to millions of years. It encompasses both global warming driven by human emissions of greenhouse gases and the resulting large-scale shifts in weather patterns. While climate change is a natural phenomenon, human activities, particularly since the Industrial Revolution, have accelerated its pace and intensity
2. What is a disruptive
technology?
Disruptive technology is an innovation that significantly alters
the way that consumers, industries, or businesses operate. A
disruptive technology sweeps away the systems or habits it
replaces because it has attributes that are recognizably
superior. Clayton Christensen introduced the idea of disruptive
technologies in a 1995 Harvard Business Review article.
Christensen later expanded on the topic in The Innovator's
Dilemma, published in 1997. It has since become a buzzword
in startup businesses that seek to create a product with
mass appeal
Even a startup with limited
resources can aim at
technology disruption by
inventing an entirely new way
of getting something done.
Established companies tend to
focus on what they do best and
pursue incremental improvements
rather than revolutionary changes.
They cater to their largest and most
demanding customers.
3. Risk-taking companies may
recognize the potential of
disruptive technology in
their own operations and
target new markets that can
incorporate it into their
business processes.
These are the "innovators" of the
technology adoption lifecycle.
Other companies may take a
more risk-averse position and
adopt an innovation only after
seeing how it performs for
others.
Companies that fail to
account for the effects of
disruptive technology
may find themselves
losing market share to
competitors that have
discovered ways to
integrate the technology.
4. ● Disruptive technologies occur less frequently but are more convenient to use in
the long term. They initially might not even satisfy the demands of the high end
of the markets, but once they appear attractive profit-wise, they surpass
market expectations. In business theory, disruptive technology follows the
tradition of identifying radical technical change and the creation of tools for its
use at a firm or even policy level. Unlike small companies or startups,
incumbent companies tend to focus on their most demanding customers and
don’t have the flexibility to adapt quickly to newer shifting needs.
● On the other hand, small companies can target overlooked customers and gain
momentum as they explore new markets.
● The major difference to remember is that large companies focus on improving
efficiency and don’t have enough time to prepare for the appearance of
disruptive technologies.
● Risk-taking companies tend to recognize the potential of disruptive technology
and find ways to incorporate it into their business processes. These are usually
young companies or startups.
5. ● Technologies are not likely to be disruptive on their own. Change happens when a company or
industry adapts the technology to cater to one piece of the customer value chain. According to
Harvard Business School professor Clayton Christensen, the following lead to successful disruptive
technology:
● Enabling Technology: An innovation or invention that makes a product affordable and accessible to a
wider population.
● Innovative Business Model: A business model that targets new consumers that didn’t buy products in
an existing market, or low-end consumers (the least profitable customers).
● Coherent Value Network: A network in which suppliers, distributors and customers are better off
when the disruptive technology prospers.
What makes a disruptive Technology Successful?
6. What are CCS plants?
CCS refers to a suite of technologies that enable the mitigation of
carbon dioxide (CO2) emissions from large point sources such as
power plants, refineries and other industrial facilities, or the
removal of existing CO2 from the atmosphere.
The Intergovernmental Panel on Climate Change (IPCC) highlighted
that, if we are to achieve the ambitions of the Paris Agreement
and limit future temperature increases to 1.5°C (2.7°F), we must
do more than just increasing efforts to reduce emissions – we
also need to deploy technologies to remove carbon from the
atmosphere.
7. How does CCS Work?
● There are three steps to the CCS process:
● 1. Capturing the carbon dioxide for storage The
CO2 is separated from other gases produced in
industrial processes, such as those at coal and
natural-gas-fired power generation plants or
steel or cement factories.
● 2. Transport The CO2 is then compressed and
transported via pipelines, road transport or ships
to a site for storage.
● 3. Storage Finally, the CO2 is injected into rock
formations deep underground for permanent
storage. Image Source- https://etech.iec.ch/issue/2020-06/a-future-for-carbon-capture-and-storage
8. A CCUS application consists of three stages:
capture, transport and storage (or usage) of CO2.
The main methods for capturing CO2 are: post-
combustion; pre-combustion; and oxy-fuel
combustion. Currently, operational facilities fitted
with CCUS can capture around 90% of the CO2
present in flue gas. It is technologically possible to
achieve higher capture rates, and research is
ongoing to reduce the costs of doing so. CO2 can
also be captured directly from the atmosphere by
drawing in air using fans and passing it through
an environment consisting of solid sorbents or
liquid solvents. This practice is more energy
intensive and therefore more expensive as CO2
has a much lower concentration in the
atmosphere than in flue gas.
9. ● Once the CO2 has been captured, it is
compressed into a liquid state and
transported by pipeline, ship, rail or
road tanker. As well as CCS, there is
a related concept, CCUS, which
stands for Carbon Capture Utilization
(or sometimes this is termed ‘usage’)
and Storage. The idea is that, instead
of storing carbon, it could be re-used
in industrial processes by converting
it into, for example, plastics, concrete
or biofuel. Image Source- https://en.wikipedia.org/wiki/Carbon_capture_and_utilization
10. CCS and Promising Future?
● Carbon capture, utilization, and storage (CCUS) is a disruptive technology
promising in terms of reducing CO2 emissions that would otherwise
contribute to climate change. Carbon dioxide (CO2) is the primary
greenhouse gas contributing to anthropogenic climate change which is
associated with human activities.
● The majority of CO2 emissions are results of the burning of fossil fuels for
energy, as well as industrial processes such as steel and cement
production. CCS has been in operation since 1972 in the US, where several
natural gas plants in Texas have captured and stored more than 200million
tons of CO2 underground.
11. ● CCUS can play a strategic role in global decarbonization efforts in a number of
ways. These include:
● (i) reducing emissions in ‘hard-to-abate’ industries (those that are particularly
difficult to decarbonize);
● (ii) producing low-carbon electricity and hydrogen, which can be used to
decarbonize various activities; and
● (iii) removing existing CO2 from the atmosphere. The various roles of CCUS can also
help make the energy supply more diverse and flexible, in turn contributing to
energy security, which has become a growing priority for governments around the
world.
12. CCS could capture between 85-95% of the CO2
produced in a plant (IPCC, 2005), but net
emission reductions are in the order of 72 to
90% due to the energy it costs to separate
the CO2 and the upstream emissions. CCUS
technologies also provide the foundation for
carbon removal or "negative emissions" when
the CO2 comes from bio-based processes or
directly from the atmosphere. There are
around 35 commercial facilities applying CCUS
to industrial processes, fuel transformation,
and power generation.
13. What is the scope in India?
● NITI Aayog Official released a report in December 2022 titled "Carbon Capture
Utilization and Storage (CCUS): A Key Pillar for Decarbonizing India's Economy." The
report highlights the promise of CCUS technology in reducing India's Carbon dioxide
emissions and achieving the country's climate goals.
● CCUS technologies hold tremendous potential in helping India reduce Co2 emissions
by up to 45% by 2050 and achieve NZE 2050.
● The use of technology could create around 1.4 million jobs by 2050 and generate
significant economic benefits such as increased energy security and reduced fossil
fuel imports.
14. ● CCUS will serve as cornerstone in decarbonizing India's economy and the
government shall develop policies to incentivize CCUS deployment across
various sectors. The report emphasizes the importance of investing in
research and development to enhance the efficiency and cost-effectiveness
of CCUS technologies and accelerate their deployment.
● The Report also suggests establishing the institutional framework and
regulatory policies to facilitate the implementation of CCUS projects.
● The report predicts that CCUS projects will become cost-effective over time.
● The NITI Aayog Report underscores the potential of CCUS in decarbonizing
India's economy and achieving the country's climate goals. Globally, power
and industry account for about 50% of all greenhouse gas (GHG) emissions.
● The carbon Capture, Utilization, and Storage program aims to reduce carbon
emissions by either storing or reusing it so that captured carbon dioxide
does not enter the atmosphere.
15. Department of Science and Technology
(DST) aims to nurture the area of
Carbon Capture, Utilization, and
Storage through an emphasis on
research and development and
capacity building of both human
resource as well as infrastructure, to
evolve technologies and
methodologies that address issues
related to high capital costs, safety,
logistics and high auxiliary power
consumption.
16. India's collaboration programs for
CCUS/CCS
● 1.1 Mission Innovation Challenge
on CCUS
The objective and scope of Mission
Innovation carbon capture innovation
challenge is to enable near-zero CO2
emissions from power plants and
carbon-intensive industries. CCUS can
achieve significant CO2 reductions
from power plants (fueled by coal,
natural gas, and biomass) and
industrial applications.
17. 1.2 Accelerating CCS Technologies (ACT)
● This initiative aims to facilitate R&D and innovation that can lead to development of
safe and cost effective CO2 capture, utilization and storage (CCUS) technologies. The
intension is to facilitate the emergence of CCUS by accelerating and maturing CCUS
technologies through targeted financing of innovative and research activities. The scope
also envisages to address the challenges related to CCUS in technological,
environmental, social and economic context of the country.
● India has joined forces with France, Germany, Greece, Norway, Romania,
Switzerland, The Netherlands, Turkey, the United Kingdom, and the United States to
achieve these objectives.
18. ● CCUS technologies offer significant strategic value in the transition to net zero:
CCUS can be retrofitted to existing power and industrial plants, which could
otherwise still emit 8 billion tonnes (Gt) of carbon dioxide (CO2) in 2050.
● CCUS can tackle emissions in sectors where other technology options are limited,
such as in the production of cement, iron and steel or chemicals, and to produce
synthetic fuels for long-distance transport (notably aviation).
● CCUS is an enabler of least-cost low-carbon hydrogen production.
● CCUS can remove CO2 from the atmosphere by combining it with bioenergy or
direct air capture to balance emissions that are unavoidable or technically difficult
to abate.
What makes CCS Disruptive?
19. CCS and COVID-19
● The Covid-19 crisis represents both a threat and an opportunity for
CCUS: the economic downturn has almost certainly impacted the
investment plans and lower oil prices are undermining the
attractiveness of using CO2 for enhanced oil recovery.
● But CCUS is in a stronger position to contribute to economic
recoveries than after the global financial crisis.
● A decade of experience in developing projects and the recent uptick in
activity means that there are a number of “shovel-ready” projects
with potential to double CCUS deployment by 2025.