In a move to clean up its industry, the Indian Government announced a US $2.3 billion program to promote “green hydrogen”.
India has a new plan to reach its renewable energy goals, but it isn’t going to be cheap. However, if India wants to attain its net zero carbon emissions goal by 2070, the country needs to accelerate its efforts. For starters, it can’t just decarbonize the energy sector, but also other industries such as steel, cement, refining, etc.
Green hydrogen is a process in which a facility separates hydrogen from water using electricity generated from renewable resources. As a result, the process produces energy without emitting carbon. However, the technology is still very new, and high production costs remain a significant sticking point.India aims to produce 5 million tons of green hydrogen annually by 2030.
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