Need for a unique financial vehicle to fuel green hydrogen projects growth in India

Green hydrogen has emerged as one of the biggest game-changers across the globe. The latest buzzword among net-zero energy experts, it has sparked off a green hydrogen rush in India among big companies. To go large-scale across the country, however, more work is needed.   Despite the speed with which it is moving forward, India can hear the clock ticking to meet its huge target: 50 per cent of its energy requirements from renewable energy by 2030 and to become net-zero by 2070. These targets were announced by the Prime Minister of India Narendra Modi at COP26 last year. Almost a year later, it’s literally turning out to be a race against time. According to a GE-EY joint report this year, the country may require investing over $10 trillion to achieve its net-zero targets. This is…

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