NITI Aayog Releases a Study Report

Current Context: The National Institution for Transforming India (NITI) Aayog released a report titled “Carbon Capture, Utilization and Storage (CCUS) Policy Framework and its Deployment Mechanism in India”.

• The report has been prepared by MN Dastur and Company (P) Ltd which received financial assistance from NITI Aayog under the research scheme.
• The report explores the role of CCUS as a strategy for emission reduction and to achieve decarbonization from hard-to-abate sectors.
• The report suggests that CCUS can contribute to a variety of opportunities to convert the captured CO2 to different value-added products viz. green urea, building materials, food and beverage, chemicals, enhanced oil recovery (EOR), and polymers thus contributing substantially to a circular economy.
• It mentioned that CCUS projects will also lead to considerable employment generation and estimated that about 750 mtpa of carbon capture will create employment opportunities of about 8-10 million on a full-time equivalent (FTE) basis by 2050.
• NITI Aayog is a policy think-tank of the Government of India that was established in 2015 with its headquarters in New Delhi. The current CEO of it is Parameswaran Iyer.

Question:

Q.1 The recently released “Carbon Capture, Utilization and Storage (CCUS) Policy Framework and its Deployment Mechanism in India” report was released by?
a. NITI Aayog
b. United Nations Environment Programme (UNEP)

c. National Green Tribunal (NGT)
d. Central Pollution Control Board (CPCB)