Press & Media

Ajay Phatak, has joined Dastur Energy as a Strategic Technical Adviser. Ajay is an expert in the area Sustainability, Energy Transition and Carbon accounting. Ajay is also deeply interested in ecological economics and sustainability, and the impact of businesses and the current economic and energy policies on the environment and sustainability.

“Carbon capture can complement renewables in India’s energy transition towards a greener and cleaner future”, says Atanu Mukherjee, CEO, Dastur Energy Inc.

“As the clock keeps ticking on the burning issue of climate change, a robust CCUS policy framework makes not only climate sense but also economic sense.” - Atanu Mukherjee, CEO, and Saurav Chatterjee, Consulting Leader, Dastur Energy

India now has a clear cut policy framework, a road map to decarbonise by half carbon dioxide emission from the hard-to-abate sectors by 2050. NITI Aayog has come up with its policy framework: “Carbon Capture, Utilisation and Storage (CCUS) Policy Framework and its Deployment Mechanism in India”. The report was jointly prepared by NITI Aayog and MN Dastur & Company and after series of parleys and suggestions and feedback from the Union Ministry of Power, Union Ministry of Coal, Union Ministry of Environment, Union Ministry of Steel, Department of Science and Technology, NTPC, ONGC, SAIL, GAIL, BHEL, IOC, Dastur, Tata Steel and other stakeholders.

Carbon Capture Utilisation and Storage (CCUS), the technology for decarbonising carbon dioxide (CO2) from high polluting sectors such as steel, cement, oil, gas, petrochemicals, chemicals and fertilisers, has a critical role to play for the country to halve CO2 emissions by 2050, says a report on the policy framework of the CCUS prepared by the Niti Aayog and MN Dastur & Company. The report, released here on Tuesday by Niti Aayog Vice-Chairman Suman K. Bery, also said the CCUS technology would help in promoting the low carbon-hydrogen economy and in removal of the CO2 stock from the atmosphere.