Framework to help India achieve its goal of net-zero emissions by 2070
National, 22nd August, 2024: Dastur Energy Pvt Limited, a leading provider of clean energy solutions, recently participated in the Workshop on Legal & Regulatory Frameworks foarbon Capture Utilization and Storage (CCUS). The event had Mr. Atanu Mukherjee, CEO and President Dastur Energy participating in the session on key Legal, Policy, and Regulatory Issues for CCUS. He shared his views on the legal regulatory frameworks for Carbon Capture Utilization and Storage (CCUS) in India which was organized by NITI Aayog. Joining Atanu as a part of this panel, were presenters from the U.S. Commercial Law Development Program (CLDP), members from International law firms and other senior Government officials.
Dr. V. K Saraswat moderated and chaired the session that highlighted recent national and sub-national legislative, regulatory, and policy updates within India. Dr. Saraswat commended Dastur Energy and Atanu in their stellar roles in working with Niti Aayog in preparing the CCUS Policy framework and its deployment mechanism for the country. The session deep dived into the issues with Atanu focusing on policy design, risk and liability mitigation and transfer , market design for CCUS clusters, incentive and subsidy calibration through carbon markets, and long-term CCUS financing mechanisms through an innovative Carbon Capture Finance Corporation. The legal framework required to assign the responsibilities of the regulatory authorities, generators and operators for sequestration and storage of CO2 were deliberated upon based on the legal precedents relevant to CCUS across North America, Europe, and Asia.
"Dastur Energy is honored to contribute to this important discussion on the legal and regulatory frameworks necessary for the successful deployment of CCUS technologies," said Atanu Mukherjee CEO of Dastur Energy . He further said , that "As India accelerates its initiatives for a net-zero emissions economy by 2070, CCUS will play a fundamental and crucial role in decarbonizing hard-to-abate sectors while turbocharging sustainable economic growth and addressing the energy trilemma of affordability, energy security and sustainability. Legal and regulatory frameworks will play a foundational and critical role in the successful deployment of CCUS technologies at scale”.
The event also featured a panel discussion and addresses from key Government dignitaries such as Sh. B.V.R. Subrahmanyam CEO, NITI Aayog, Sh. Tarun Kapoor, Adviser to Hon’ble PM, Eric Garcetti, Ambassador, US Embassy, Sh. Suman Bery, VC, NITI Aayog, Shri Pankaj Agarwal, Secretary, Ministry of Power, Prof. Ajay Kumar Sood, Principle Scientific Adviser to the Government of India and others.
About Dastur Energy:
Dastur Energy develops innovative and transformational clean energy solutions for industry, government and institutions by addressing the technological, commercial and integration challenges across the industrial decarbonization value chain. The unique end-to-end value chain-based approach synthesizes the most effective solution for the customer by looking at various technologies and processes that include renewables, clean hydrogen, alternative fuels, carbon capture, utilization & storage, efficiency transformations, and production process changes.
Dastur Energy delivers comprehensive, commercially scalable and cost-effective technology driven decarbonization pathways for ‘hard to abate’ sectors like power, steel, cement, chemicals, and oil & gas.
Dastur Energy’s experience and learnings in industrial clean energy systems is complemented by a global team of energy and industry experts. This team of industrial decarbonization, process technology, energy engineering, techno-economic, regulatory, and project risk experts delivers a cost-effective strategic blueprint, design, implementation and deployment roadmap that can lay the foundation for accelerated decarbonization with lasting impact.
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