India, Feb. 6 -- Union Budget 2026-27 marks a quiet but consequential inflection point in India's climate and industrial policy. While much of the global discourse continues to revolve around renewable capacity additions and long-term net zero pledges, this Budget signals something more structural.

It recognises that India's pathway to climate leadership will be determined not only by clean energy expansion, but by its ability to decarbonise hard-to-abate industries without eroding economic competitiveness. At the centre of this recalibration sits Carbon Capture, Utilisation and Storage (CCUS).

The commitment of INR 20,000 crore over five years positions CCUS not as an experimental add-on, but as a central instrument of India's deep dec...