IEBS Perspective On India’s Substantially Emerging GH2 Economy
Creating a sustainable environment is a universal goal that all countries have been making strenuous efforts. Like many other nations, India has recognized the need of transitioning to a green and sustainable future. Adoption of Green Hydrogen (GH 2 ) is a critical component of this transformation. In order to ensure the country's energy security, the Government of India has staked $2.3 billion on the green hydrogen economy and entered the global race to develop green energy. Prior to delving into India’s efforts towards adopting GH 2 , let us first understand how crucial it is. India is the third-largest emitter of greenhouse gases in the world. Thus, to address climate change, the nation must significantly mitigate emissions by adopting clean fuels. Action Plan for Pacing Up GH 2 Economy: India has ample sources of renewable energy, comprising hydro, wind, and solar, which can be utilized to manufacture green hydrogen for domestic and export purposes. The Union Cabinet appro...