Moneycontrol PRO
Outskill Genai
HomeNewsBusinessWhy is India pushing for green hydrogen?

Why is India pushing for green hydrogen?

December 21, 2022 / 20:36 IST

Green hydrogen plays a prominent role in India’s pledge of achieving net-zero targets as it does not emit any greenhouse gases.

In August 2021, Prime Minister Narendra Modi unveiled the National Hydrogen Mission to meet India’s climate targets and make the country a green hydrogen hub.

India also set an ambitious target of production of 5 million tonnes of green hydrogen by 2030 in February this year. Under the first phase of Green Hydrogen Policy, the government offered a waiver of inter-state transmission charges of renewable energy for a period of 25 years for manufacturers of green hydrogen and green ammonia for projects commissioned before June 30, 2025.

The government also aims to bring down the cost of green hydrogen to $1 per kg from the current $3- $6.5. ​

Green Hydrogen Production

Shubhangi Mathur
first published: Dec 21, 2022 08:36 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347