India hopes to work closely with Brazil and the US in biofuel development and technology sharing for mutual benefit.
Recently, a study also advocated for better government support to clean technology startups to achieve India’s net-zero targets.
A nearly 450% jump in European gas prices the past year made the green fuel of the future cost-competitive about a decade ahead of schedule, according to BloombergNEF. Now, investment funds are joining governments and utilities in ambitious plans to make hydrogen a viable substitute for fossil fuels in manufacturing, transportation and heating.
Nitin Gadkari said the electric vehicle was christened "Mirai". "It means the future... India will soon become green hydrogen exporting country," he said.
The hydrogen-driven car is as quiet to drive as any other electric, it requires little maintenance and, because it doesn’t carry 1,200 pounds of batteries, has a performance edge
The investment will be primarily in developing natural gas discoveries by state-owned ONGC and Reliance Industries-BP joint venture off the east coast, the minister said at CII's 'Global Energy Dialogue' event here.
Leading green fuel company Avantika Gas Limited (AGL) will set up six more CNG filling stations in Madhya Pradesh to meet the growing demand.