Categories: Miscellaneous

High carbon emitters to receive incentives to reduce footprint

India is proposing a number of policies to encourage the establishment of carbon capture facilities by high carbon emission industries like steel, cement, and thermal plants. Production-linked incentive programmes, viability gap funding, or carbon credits could all be used to offer incentives. The government might issue carbon credits that can be exchanged on carbon exchanges or a PLI programme that would tie incentives to how much carbon is gathered and used.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

KEY POINTS:

  • According to a government official, Niti Aayog, the nation’s policy think-tank, would shortly release a policy prescription for carbon capture and utilisation of carbon dioxide released by industry as part of the aim to reach Net Zero by 2070.
  • These industries account for 6–10% of all carbon dioxide emissions.
  • Different strategies are being examined to encourage polluting businesses to build carbon capture facilities so that the carbon dioxide they emit can be captured, utilised, and stored for a variety of industrial uses.
  • While the government will support these industries with research and development to build carbon capture plants, alternatives for financial support are also being looked at.

 Find More Miscellaneous News Here

Madhavi Gaur

Recent Posts

December 25th Current Affairs Challenge

Exams such as SSC, Banking, Railways, and state-level tests offer paths to prestigious positions in…

4 hours ago

What is the Old Name of Mysore?

Mysore, a city in the southern state of Karnataka, India, is famous for its rich…

17 hours ago

India Squad For Champions Trophy 2025

The upcoming Champions Trophy 2025 marks the ninth edition of the ICC Champions Trophy, featuring…

17 hours ago

ICC Champions Trophy Schedule 2025 Announced- India vs Pakistan

The 2025 ICC Champions Trophy is set to mark the ninth edition of this prestigious…

17 hours ago

Who is Known as the Father of Indian Nuclear Program?

India's nuclear program focuses on using nuclear energy for peaceful purposes, like producing electricity and…

18 hours ago

What is the Other Name of Sambhal District of Uttar Pradesh?

Uttar Pradesh, located in northern India, is the country's most populous state. Known for its…

19 hours ago