ReferIndia News Carbon capture push in Budget 2026 builds up steel & cement companies' confidence

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Carbon capture push in Budget 2026 builds up steel & cement companies' confidence

Published on: Feb. 3, 2026, 1:17 a.m. | Source: The Economic Times

India's government is investing ₹20,000 crore over five years in carbon capture technology. This funding will aid hard-to-abate industries like steel and cement. These sectors face high emissions and significant costs for low-carbon solutions. The move signals strong policy support for industrial decarbonisation. It aims to help these industries meet climate goals while expanding production capacity.

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