By Trend
NITI Aayog CEO Amitabh Kant has said that the government’s aim
is to bring down the production cost of green hydrogen from $5-6
per kg to $1 per kg, Trend reports citing The Print.
It will be difficult to speed up India’s transition to
renewables “unless cheap finance is available to be able to rapidly
enhance both renewable and non-renewable”, Kant told Bloomberg
Television. Finances at low costs are critical, he added.
Slashing production costs, many believe, can act as an incentive
for Indian industries to use clean energy. With climate scientists
urging the world to move towards clean fuels to check the pace of
global warming, the shift away from fossil fuels has gained
urgency.
Unlike petrol or diesel, hydrogen releases no carbon emissions
upon combustion. Hydrogen produced through the electrolysis of
water is called green hydrogen and is classified…
Green hydrogen — why cheaper production of this alternative fuel is high on Indian govt agenda
