High cost factor key hurdle in adoption of CCUS in Indian steel industry

CCS key to mitigating emissions in hard-to-abate sectors. CCUS expected to offset risk of stranded assets in steel, power sectors. Technological developments, economies of scale to lower CCUS costs

Morning Brief: In the context of the global steel industry's urgent requirement of cutting down GHG emissions within a pre-defined timeframe so as not to exacerbate the global climate crisis, carbon capture, utilisation and storage (CCUS) has emerged as a key decarbonisation pillar, especially in the mitigation of industrial emissions