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- Gauri Jauhar
Carbon capture, utilization, and sequestration (CCUS) will be a key enabler of the energy transition, being crucial to reduce emissions in hard-to-abate industries and the power generation sector. The CCS and CCUS large-scale projects pipeline has grown by 40% y-o-y in 2020 with the highest project activity in the United States. Large-scale hubs such as those in the North Sea and in Texas could provide a model for capturing and sequestering large volumes of CO2 by leveraging economies of scale and proximity to offshore storage in depleted fields. What are advantages and disadvantages of these hubs? What policy and commercial support is necessary from the Government of India to jump start CCUS? What are some of the likely locations in India to start CCUS deployment? Where are the biggest cost-reduction opportunities across CCUS value chain?
Launched in September 2014, Make in India had the integral vision to transform India into a global design and manufacturing hub. Energy is a critical part of the Make in India initiative as, both directly and indirectly, it spans the 25 identified sectors for the initiative, including chemicals, oil and gas, renewable energy, and thermal power. For India’s energy sector, what are the barriers to achieving the full vision of the initiative? Which areas in the energy sector does Make in India have a natural advantage? What sector-specific policies and regulations will be critical for attracting future investments to deliver the promise of the Make in India push? What is the role of Make in India in developing sustainable global clean energy supply chains?
Technology is at the core of the energy business. An unprecedented scale-up is needed in low-carbon technologies to achieve global climate goals. While much progress has been made in renewable energy, other sectors that are major sources of emissions—such as heavy industry, transportation, and agriculture—have not yet developed cost-competitive low-carbon technologies. At the same time, there is a strong push on technologies such as hydrogen, long duration storage, and CCUS. Reducing emissions will require both hardware and software. How should companies integrate the best of both in India? There are many technologies vying to be part of the climate solution. Which of these have the potential to be scalable? Are there specific policies that will make these technologies more attractive? What support structures are needed to encourage innovation, research, and invention in energy technologies in India? What is the role of digital technologies in supporting sustainable development?
The Covid-19 pandemic showed the weakness of geographically concentrated supply chains. The post-pandemic recovery offers an opportunity for India to build capacity to deliver the clean energy supply chains of the future. Future growth in deployment of renewables, CCUS, storage, and hydrogen bring together the domestic ambition of Make in India with the global quest for sustainable, resilient, and clean energy. What are the critical elements needed to establish supply chains for low-carbon deployment in India? What are India’s natural advantages to build resilient low-carbon supply chains? What are the barriers that need to be addressed to attract investment into low-carbon supply chains in India? What best practices, in India and globally, can be applied to build the future clean energy supply chains?