With reference to the Carbon Capture, Utilisation and Storage (CCUS) Scheme, consider the following statements:
- 1. It was announced in the Union Budget 2026–27.
- 2. It has an outlay of ₹20,000 crore over five years.
- 3. It aims to decarbonise hard-to-abate sectors such as steel, cement and refineries.
Which of the statements given above are correct?
- A1 and 2 only
- B2 and 3 only
- C1, 2 and 3
- D1 and 3 only
Show answer and explanation
Correct answer: (c) 1, 2 and 3
Explanation
All three are correct. CCUS captures CO2 and either uses it in products or stores it in rock formations.