The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of Ministry of Petroleum and and Natural Gas regarding policy for Exploration and Exploitation of Coal Bed Methane (CBM) areas under Coal Mining Lease allotted to Coal India Limited (CIL).
The policy will allow Coal India Limited to carry out exploration and exploitation of CBM from their coal mining lease areas leading to additional availability of CBM. This would also lead to degasifying the coal seams ahead of coal mining thus mitigating safety hazard and gainfully utilizing CBM.
It will have an added advantage for the environment since the gas which is presently either being flared or released in the atmosphere adding to greenhouse effect, will now be gainfully channeled into the supply volumes.
Production of additional CBM would also add to the revenue of Central / State Government as well as the mine operator in addition to possibility of earning carbon credits through proper exploitation of CBM.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
