Green Technology: India's Carbon Credit Ambiguity and the Road to Net Zero

In the Union Budget 2026, the government allocated Rs. 20,000 crore for a ‘carbon credit programme, triggering immediate confusion across policy circles, the media, and farming communities.

Two competing narratives emerged simultaneously:

  • Narrative 1: Industrial decarbonisation through Carbon Capture, Utilization and Storage (CCUS) for heavy industries.
  • Narrative 2: A new income stream for farmers through agricultural carbon credits.

Evidence from official documents firmly establishes the first, but the second reflects a real and unaddressed policy gap.

What Is CCUS and Why Does India Need It?

  • Carbon Capture, Utilization and Storage (CCUS) is a technology that captures CO₂ directly from industrial emission sources such as ....
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