“Carbon capture in India costs between ₹1,900 and ₹2,400 per tonne of carbon dioxide, or about $20 to $26," H.D. India’s steel plants emit over 250 million tonnes of carbon dioxide every year and are mostly coal-fed. Carbon capture allows companies to trap carbon dioxide before it enters the atmosphere. While green hydrogen is being promoted as a long-term solution, the government sees carbon capture as unavoidable in the near term. “For carbon capture to meaningfully reduce emissions at scale, the sector will require significantly higher investment and stronger research and development capabilities.

Source: Mint February 12, 2026 12:27 UTC