As many as 31 countries now have a hydrogen strategy, and India is one of them. Over half of these also have an electrolyser target, according to the latest update from BloombergNEF. Another 18 countries are preparing hydrogen strategies.
Green hydrogen has a critical role to play in decarbonisation and the achievement of net-zero emissions. There are four things needed to scale it up:
- Competitively priced renewable energy
- Electrolysers
- Supporting physical infrastructure
- Policy push
One of India’s advantages is cost-competitive renewable energy.
The recently passed Inflation Reduction Act in the US includes the world’s first tax credits for hydrogen. Adding in the funding to be channelled through
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