SEPTEMBER  2024 - CCUS IN THE INDIAN CEMENT INDUSTRY POLICY & FINANCING

to adopt green procurement • Stretching and provide the • A focus on green/sustainable principles as part of the IDDI, and long-term certainty needed public procurement will enable aims to develop a set of targets to deliver the demand government to measure the for 2030. [...] Similar to a public bill, a private After the amendment, the government initiated member’s bill goes through the same parliamentary the development of the institutional and regulatory procedure, however the time allotted for deliberation is framework for the carbon credit trading scheme. [...] the groundwork for the institutional setup, including the formation of the National Steering Committee for India is not one of the 27 countries globally that have the Indian Carbon Market, which is responsible for acknowledged CCUS in their NDCs. [...] The law in mafic and ultramafic formations, compared to CO also allocates the power to make rules to regulate “the 2 storage in sedimentary formations, include the presence methods of producing oil in any oilfield, and the limitation of fracture networks in fractured basalts and peridotites or prohibition of such methods”. [...] decarbonisation of the full range of the UK’s industry th Boosting carbon capture and storage involves the sectors, which account for 1/6 of the UK’s emissions creation of a dedicated voluntary demand assessment and include metals and minerals, chemicals, food and and demand aggregation platform.