India’s Union Budget 2026–27 has earmarked about ₹20,000 crore (around $2.4 billion) over the next five years to accelerate carbon capture, utilisation and storage (CCUS) technologies as part of its climate and industrial strategy. The funding is intended to scale CCUS from pilot projects to commercial deployment across hard-to-abate sectors such as power, steel, cement, refineries and chemicals, helping curb emissions while supporting economic growth.
The allocation signals a sharper policy focus on decarbonising emissions-intensive industries and aligns with India’s broader net-zero ambitions. By backing CCUS at scale, the government aims to bridge the gap between demonstration and commercial use, strengthen domestic technological capability, and enhance competitiveness as global carbon standards tighten.
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