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Context:
Recently, NITI Aayog, in collaboration with the US government, organized a pivotal two-day workshop on Carbon Capture Utilization and Storage (CCUS) in New Delhi.
Key Highlights of the Workshop:
What is CCUS?
How does CCUS work?
A CCUS application consists of three stages:
1. Capture: It involves capturing CO2 emissions through the methods of are: post-combustion, pre-combustion and oxy-fuel combustion. Currently, CCUS can capture around 90% of the CO2 present in flue gas.
2.Transport: Once the CO2 has been captured, it is compressed into a liquid state and transported by pipeline, ship, rail or road tanker
3. Storage of CO2: The transported CO2 can stored in deep geological formations, usually at depths of 1 km or more, including permanently stored in depleted oil and gas reservoirs, coalbeds or deep saline aquifers.
Carbon Border Adjustment Mechanism (CBAM)
It is a European Union (EU) policy designed to reduce carbon leakage, which occurs when companies in the EU relocate their production facilities to countries with less stringent environmental regulations to avoid higher carbon costs.
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