CEM CCUS Initiative Contributes to G20 Energy Transitions Working Group -1 Event
As a parallel event to the G20 Energy Transition WG meeting, an international CCUS seminar was organised in Bangalore, India, on Sunday 5 February. The event gathered 150+ attendees, and a a high-level speaker line-up from India’s government and industry and experts from international organisations. The CEM CCUS Initiative provided significant input to the organisation of the event.
India is really stepping up its CCUS efforts, with recent work done by NITI Aayog on deployment policy framework as well as pilot and technical development work done by NTPC and other industries. India has rapidly moved from technical discussions to closely looking into how carbon capture can provide a real large-scale solution for decarbonisation. Both NITI Aayog Member VK Saraswat and Ministry of Power Secretary Alok Kumar stressed that India will not reach it decarbonisation goals without CCUS.
The final panel discussion provided key takeaway messages to be considered by the G20 process, such as the need to define the role for CCUS in countries’ decarbonisation policies; setting appropriate incentive policies; investigating geological storage opportunities; facilitating financing and looking at what role CO2 utilisation can play.