With green hydrogen priced at $1 a kg, India hopes to spur clean energy use

India wants global funders including the World Bank to structure guarantee programs to help access funds at low rates, said Niti Aayog CEO Amitabh Kant

India plans to slash the production costs of green hydrogen to $1 a kilogram from $5-$6 currently to encourage industries to use cleaner energy and wants access to cheaper loans to hep fund that transition, a senior government official said.
 

The world’s third-largest carbon emitter put out a roadmap in February to become a hub for the production and export of green hydrogen -- made from water and renewable electricity, though the fuel is a long way from being commercially viable.

“Unless cheap finance is available to be able to rapidly enhance both renewable and non-renewable, this transition will be