India plans $2 billion incentive for green hydrogen industry
2 years ago

India plans $2 billion incentive for green hydrogen industry

India Today  

India is planning a $2 billion incentive programme for the green hydrogen industry, three sources told Reuters, in a bid to cut emissions and become a major export player in the field. The 180-billion-rupee incentive aims to reduce the production cost of green hydrogen by a fifth over the next five years, said a senior government official and an industry manager working in renewable energy. GREEN AMMONIA, TOO The Indian government expects industry to invest 8 trillion rupees in green hydrogen and its derivative green ammonia by 2030, said the industry manager and another government official. In February the government announced plans for India to make 5 million tonnes of green hydrogen annually by 2030, a figure that the first government official said could be doubled, depending on international demand.

India Industry Renewable Energy Indian Green Green Hydrogen Official Billion Hydrogen Green Ammonia Rupees 5 Million Tonnes  billion  plans  green  official  energy  ammonia  renewable  incentive  industry  hydrogen  rupees  india  tonnes  million

History of this topic

Prime Minister to lay foundation stone for seashore-based Green Hydrogen Hub near Visakhapatnam on January 8
4 days ago

Prime Minister to lay foundation stone for seashore-based Green Hydrogen Hub near Visakhapatnam on January 8

The Hindu  

The stage has been set for laying the foundation stone for the Union and the State governments’ prestigious mega green seashore-based project, Green Hydrogen Hub under National Green Hydrogen Mission, at Pudimadaka in Anakapalli district, near Visakhapatnam on January 8. It is the first Green Hydrogen Hub under the National Green Hydrogen Mission, an official statement by the NTPC said …

Top five stocks operating in multiple high-growth sectors
2 weeks, 4 days ago

Top five stocks operating in multiple high-growth sectors

Live Mint  

New-age sectors such as green hydrogen, electric mobility and digital infrastructure have quickly emerged as high-growth stories that investors cannot ignore. Now, it’s stepping into high-growth sectors like green hydrogen, semiconductors, and data centres, aligning itself with India’s evolving growth story. Siemens Ltd The Indian arm of Europe’s largest industrial manufacturing company, Siemens India, operates as an electric equipment manufacturer …

India’s green ambitions: A key milestone crossed and yet miles to go
Trending News
2 weeks, 4 days ago

India’s green ambitions: A key milestone crossed and yet miles to go

Live Mint  

New Delhi: In October, India reached an important milestone in its green energy ambitions: an installed renewable energy capacity of 203.18 GW. Green IPOs and nuclear energy India’s green energy sector is leading a shift in the economy, said Manoj Bansal, partner at Grant Thornton Bharat, adding that emerging areas like green hydrogen, energy storage, and carbon capture are attracting …

India's climate challenge and the rise of a new green economy
2 weeks, 4 days ago

India's climate challenge and the rise of a new green economy

Live Mint  

As the threats posed by climate change escalate, countries are having to navigate the challenge of balancing economic growth with environmental sustainability. While the challenges posed by climate change are daunting, they also present unique opportunities for India to lead the global transition to a green economy. By focusing on renewable energy, sustainable agriculture, urban resilience, and the integration of …

TKIL in talks with OMCs, steel companies to set up green hydrogen projects at their sites
3 weeks, 1 day ago

TKIL in talks with OMCs, steel companies to set up green hydrogen projects at their sites

Live Mint  

TKIL Industries Pvt Ltd is in discussions with oil refining companies and steel manufacturers to set up green hydrogen producing units using solar energy at their premises and help them reduce greenhouse gas emissions. TKIL will be the exclusive partner in India for SoHHytec to manufacture and supply equipment and machinery as well as implement and install green hydrogen projects. …

India’s renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi
3 weeks, 4 days ago

India’s renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

Live Mint  

New Delhi, Dec 17 India's renewable energy capacity addition almost doubled to 15GW during the April-November period of this fiscal compared a year ago, indicating India's commitment towards the target of 500GW non-fossil capacity by 2030, Union New & Renewable Energy Minister Pralhad Joshi said on Tuesday. Addressing at CII International Energy Conference & Exhibition 2024 here, Joshi said, "In …

Green hydrogen and the financing challenge
3 weeks, 4 days ago

Green hydrogen and the financing challenge

The Hindu  

As India charts its path to net-zero emissions by 2070, green hydrogen offers a crucial pathway to decarbonise its industrial sectors. India’s ambitious target of producing 5 million metric tonnes of green hydrogen annually by 2030 signals its bid to establish early leadership in this emerging sector. The barriers The economics of green hydrogen production hinge on two factors — …

NTPC Green plans ₹30,000 cr-transmission network for AP green hydrogen hub
1 month ago

NTPC Green plans ₹30,000 cr-transmission network for AP green hydrogen hub

Live Mint  

New Delhi: State-owned NTPC Green Energy Ltd is planning to build a ₹30,000 crore transmission network to power its upcoming green hydrogen hub in Andhra Pradesh, two people aware of the matter said. Talks to sell green hydrogen Earlier, Mint reported that NTPC Green is in talks with Japan's Toyo Engineering Corp. and Norway's Getek AS to sell green hydrogen …

How can hydrogen electrolysers be made in India
1 month, 2 weeks ago

How can hydrogen electrolysers be made in India

Hindustan Times  

India has set an ambitious target of producing five million tonnes per annum of green hydrogen by 2030 with an aim to mitigate 50 million tonnes of CO2 and reduce energy imports by ₹1 lakh crore. Electrolysers play a critical role in the green hydrogen production process and constitute 30–50% of the total cost of green hydrogen; the rest is …

PM Modi to launch India's largest green hydrogen hub in Visakhapatnam
1 month, 2 weeks ago

PM Modi to launch India's largest green hydrogen hub in Visakhapatnam

India Today  

In a landmark step towards achieving India’s green energy goals, Prime Minister Narendra Modi will lay the foundation stone for India's largest green hydrogen hub on November 29, 2024. PROJECT OVERVIEW The green hydrogen hub in Visakhapatnam aims to be a state-of-the-art facility that will produce green hydrogen using renewable energy sources like solar and wind power. INVESTMENT AND JOB …

NTPC in talks to sell green hydrogen to Japan's Toyo Engg, Norway's Getek
Trending News
1 month, 3 weeks ago

NTPC in talks to sell green hydrogen to Japan's Toyo Engg, Norway's Getek

Live Mint  

New Delhi: State-run NTPC, which is set to start construction of its green hydrogen hub in Andhra Pradesh by the end of the month, is in talks with possible buyers of the green molecule. NTPC is in talks with Japan's EPC major Toyo Engineering Corp. and Norwegian power supply systems company Getek AS for offtake of the green hydrogen to …

India Poised to Lead Global Green Hydrogen Production and Exports: Hardeep Puri
1 month, 3 weeks ago

India Poised to Lead Global Green Hydrogen Production and Exports: Hardeep Puri

Deccan Chronicle  

New Delhi: Union minister for petroleum and natural gas Hardeep Singh Puri on Friday said that as India is on track to emerge as the hub for green hydrogen, the country is poised to lead the global hydrogen energy production and exports. “With projects like hydrogen blending in natural gas pipelines, localisation of electrolyzer-based technologies, and the promotion of bio-pathways …

World Bank Supports India's Net Zero Goal with $3Bn
2 months ago

World Bank Supports India's Net Zero Goal with $3Bn

Deccan Chronicle  

Chennai: The World Bank is supporting India’s transition towards net zero emissions with development policy operations worth $3 billion. The World Bank is supporting this transition with two development policy operations worth $3 billion. The World Bank’s Hydrogen for Development Partnership, founded and supported by the Energy Sector Management Assistance Program, facilitated $1.5 billion in concessional financing in fiscal 2024—the …

EIB, Indian Public Sector Entities Collaborate on Green Hydrogen Projects
2 months, 2 weeks ago

EIB, Indian Public Sector Entities Collaborate on Green Hydrogen Projects

Live Mint  

The European Investment Bank (EIB) is collaborating with Indian public sector companies to identify and develop green hydrogen projects in the country. The EIB has committed to supporting India's green hydrogen sector with a €1 billion investment, and is looking to bring in experts to collaborate with local partners. The agency has also formally agreed to join the India Hydrogen …

Decarbonizing India's Energy Future: Optimizing Green Hydrogen Production Costs
2 months, 4 weeks ago

Decarbonizing India's Energy Future: Optimizing Green Hydrogen Production Costs

Hindustan Times  

This paper examines the economics of producing and using green hydrogen in India, focusing on the 2030 timeframe. The paper calculates the cost of green hydrogen production and compares it to the cost of energy-basis equivalent costs of fossil fuels for a range of applications. The paper suggests that achieving a cost of green hydrogen under two $/kg by 2030 …

Karnataka to be a key driver of India’s transition to clean energy: Study
3 months, 4 weeks ago

Karnataka to be a key driver of India’s transition to clean energy: Study

New Indian Express  

BENGALURU: Karnataka is set to be a major driver in India’s low-cost clean energy transformation, while ranking second in green hydrogen production and with the highest wind energy potential in the country. A study published on Tuesday by the Council on Energy, Environment and Water one of Asia’s leading research institutions and climate think-tanks states that with a green hydrogen …

UP receives proposals for green hydrogen production for 3 districts
4 months ago

UP receives proposals for green hydrogen production for 3 districts

Hindustan Times  

Uttar Pradesh has already received three proposals for setting up green ammonia plants in the state after it rolled out Green Hydrogen Policy on March 14, 2024 aimed at boosting green hydrogen production. “We have received three proposals one each for Gorakhpur, Jalaun, and Hamirpur with the production capacities of 1500, 260, and 780 tonnes per day, respectively,” Uttar Pradesh …

AM Green Ammonia reaches final investment decision on its 1 mn tonne project
4 months, 2 weeks ago

AM Green Ammonia reaches final investment decision on its 1 mn tonne project

Live Mint  

AM Green Ammonia B.V., a Greenko Group venture, has reached a significant milestone with the final investment decision for its 1 million-tonne green ammonia project in Kakinada, Andhra Pradesh, the company said in a statement on Tuesday. “The FID status achieved by our Kakinada plant underscores our commitment to providing carbon-free energy solutions globally while meeting the highest standards like …

For industrial growth, green trade will matter
5 months, 1 week ago

For industrial growth, green trade will matter

Hindustan Times  

Finance minister Nirmala Sitharaman identified manufacturing and services, and energy security among her budget priorities. To capitalise on these priorities, India must heed developments in international trade and its growing — but increasingly complex — links with energy security, the climate crisis, and environmental regulation. India must prepare strategic responses for four kinds of trade barriers that will impact its …

India's first multi-purpose green hydrogen pilot project inaugurated
8 months, 2 weeks ago

India's first multi-purpose green hydrogen pilot project inaugurated

Business Standard  

India's first multi-purpose green hydrogen pilot project at 1,500 MW Nathpa Jhakri Hydro Power Station in Himachal's Jhakri was inaugurated on Wednesday, according to Satluj Jal Vidyut Nigam officials. SJVN Chairman and Managing Director Geeta Kapur inaugurated a 20Nm3/hr electrolyzer and 25kW fuel cell capacity-based green hydrogen pilot project, a statement issued here said. The project is the nation's first …

Green hydrogen push needs to be substantive
9 months ago

Green hydrogen push needs to be substantive

Hindustan Times  

Net-zero emissions and green hydrogen are often mentioned together these days. The International Renewable Energy Agency estimates that to achieve the Paris targets, 30% of the world’s electricity use will have to be dedicated to green hydrogen by 2050; an electrolyser capacity of 5,000 gigawatts would be needed. India is targeting to produce five mt of green hydrogen by 2030, …

Vietnam aims to produce 1-5 lakh tonnes of hydrogen a year by 2030
10 months, 2 weeks ago

Vietnam aims to produce 1-5 lakh tonnes of hydrogen a year by 2030

The Hindu  

Vietnam aims to produce 1,00,000-5,00,000 metric tonnes of hydrogen a year by 2030 as part of its energy transition efforts, according to the country's hydrogen development strategy adopted earlier this month. “The production, distribution and usage of hydrogen will help “meet the country’s national targets for climate change, green growth and to meet its net zero target by 2050,” the …

Odisha CM Lays Foundation Stone for Avaada Group’s Green Hydrogen Project
10 months, 3 weeks ago

Odisha CM Lays Foundation Stone for Avaada Group’s Green Hydrogen Project

Deccan Chronicle  

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Wednesday laid foundation stone for Avaada Group’s green hydrogen project at Gopalpur in Ganjam district. This mega clean energy project entailing an investment of Rs 8,000 crore aligns with India’s aspiration to be a global green hydrogen manufacturing hub. Located near Gopalpur deep-sea port, Avaada’s cutting-edge green ammonia storage facility will enable exporting …

India to see investment of $67 billion in next five to six years in energy sector: PM Modi
11 months ago

India to see investment of $67 billion in next five to six years in energy sector: PM Modi

The Hindu  

Prime Minister Narendra Modi on Tuesday said India was working on the development of environmentally friendly energy sources to enhance its energy mix. Mr. Modi said as India was poised to be 3rd largest economy in the world, the energy sector would play a crucial role in India’s growth story. On India’s seriousness to facilitate the transition he said, “despite …

Green hydrogen key to India's journey of net-zero carbon emissions: Gautam Adani
11 months, 3 weeks ago

Green hydrogen key to India's journey of net-zero carbon emissions: Gautam Adani

The Hindu  

Billionaire Gautam Adani on January 16 said green hydrogen holds the key to India's journey to net-zero carbon emissions and its current high cost can be reduced by replicating the solar power model. In a blog post for the World Economic Forum, the head of Adani Group said leapfrogging to renewables and green hydrogen will help India achieve energy security …

Biden’s hydrogen tax credit unveiled as administration tries to jump start industry
1 year ago

Biden’s hydrogen tax credit unveiled as administration tries to jump start industry

Associated Press  

WASHINGTON — The Biden administration released its highly anticipated proposal for doling out billions of dollars in tax credits to hydrogen producers Friday, in a massive effort to build out an industry that some hope can be a cleaner alternative to fossil fueled power. The proposal — which is part of Democrats’ Inflation Reduction Act passed last year — outlines …

SA's proposed $425m green hydrogen plant in Tailem Bend promises jobs, energy for future
1 year ago

SA's proposed $425m green hydrogen plant in Tailem Bend promises jobs, energy for future

ABC  

Planning is underway for a $425 million hydrogen project in regional South Australia, which is set to create about 300 jobs during construction. Key points: A proposed green hydrogen hub near Adelaide could create 300 jobs during construction The $425m project, planned for Tailem Bend, could turn 200,000 tonnes of landfill into green hydrogen annually An Adelaide University research fellow …

European Investment Bank eyes green hydrogen to add to India renewables push
1 year, 1 month ago

European Investment Bank eyes green hydrogen to add to India renewables push

Live Mint  

Even as solar and wind continue to be focus areas, the European Investment Bank is now keen to jump into green hydrogen in the country, but no concrete proposal has been tabled yet by Indian companies, a top executive at the development bank said. Earlier in 2023, the bank had stated its interest in supporting India’s National Green Hydrogen Mission …

Gentari, GIC and Greenko founders join hands to produce, export green ammonia
1 year, 2 months ago

Gentari, GIC and Greenko founders join hands to produce, export green ammonia

Live Mint  

New Delhi: Gentari, the clean energy unit of Malaysia’s Petronas, AM Green, established by Greenko’s founders, and an affiliate of GIC Holdings Pte Ltd, on Monday agreed to produce 5 million tonnes per annum of green ammonia by 2030. In a joint statement, Gentari and AM Green said that the partnership will focus on the production of green ammonia across …

'Green' hydrogen boosting coal-to-chemical industry
1 year, 3 months ago

'Green' hydrogen boosting coal-to-chemical industry

China Daily  

An employee of the Ningxia Baofeng Energy Group checks products made at the hydrogen plant. "Currently, Baofeng's annual green hydrogen output has reached 600 million cu m. Every year, the hydrogen can replace 800,000 tons of feed coal and reduce carbon emissions by 1.4 million tons," said Liu Yuanguan, Baofeng Energy's president, in an interview with Economic Information Daily earlier …

G-20 Summit: Global leaders to discuss ‘green hydrogen’ manufacturing and supply
1 year, 4 months ago

G-20 Summit: Global leaders to discuss ‘green hydrogen’ manufacturing and supply

Live Mint  

Green hydrogen is being touted around the world as a clean energy solution to take the carbon out of high-emitting sectors like transport and industrial manufacturing. Global cooperation on green hydrogen manufacturing and supply is expected to be discussed by G-20 leaders at this week's summit in New Delhi. He said hydrogen's volatility — it's highly flammable and requires special …

What is green hydrogen and why is it touted as a clean fuel?
1 year, 4 months ago

What is green hydrogen and why is it touted as a clean fuel?

Associated Press  

BENGALURU, India — Green hydrogen is being touted around the world as a clean energy solution to take the carbon out of high-emitting sectors like transport and industrial manufacturing. The India-led International Solar Alliance launched the Green Hydrogen Innovation Centre earlier this year, and India itself approved $2.3 billion for the production, use and export of green hydrogen. A bus …

India succeeds in reducing emissions rate by 33% over 14 years: sources
1 year, 5 months ago

India succeeds in reducing emissions rate by 33% over 14 years: sources

The Hindu  

India's greenhouse emissions rate dropped by a faster-than-expected 33% in 14 years as renewable energy generation rose and forest cover increased, according to two officials privy to latest assessment made for submission to the United Nations. India's rate of emissions intensity - the total amount of greenhouse gas emissions emitted for every unit increase of gross domestic product - fell …

U.K. to help Indian companies manufacture electrolysers for green hydrogen
1 year, 5 months ago

U.K. to help Indian companies manufacture electrolysers for green hydrogen

The Hindu  

The Green Hydrogen Electrolyser Manufacturing Ecosystem Assessment Project was launched by Minister for Industries, Investment and Commerce T.R.B. Through the project, the U.K. will help Indian companies develop a framework for manufacturing electrolysers in Tamil Nadu with a view to expand the production of green hydrogen as a source of power and heating in the State. “I am impressed by …

Green Hydrogen: Empowering India’s Journey Towards Energy Independence And Net Zero Emissions
1 year, 5 months ago

Green Hydrogen: Empowering India’s Journey Towards Energy Independence And Net Zero Emissions

Live Law  

“Sustainable and inclusive development has become a prevailing global agenda over the past few decades, garnering significant attention and dedication from nations across the world.” World Bank, 2018 Sustainable and inclusive development has been the global goal for the past few decades. With its promising capabilities for revolutionizing various industrial working patterns and mitigating environmental challenges, green hydrogen is poised …

India needs 25 million metric tonnes of hydrogen energy by 2050, says Union Petroleum Ministry Secretary
1 year, 5 months ago

India needs 25 million metric tonnes of hydrogen energy by 2050, says Union Petroleum Ministry Secretary

The Hindu  

Union Ministry of Petroleum and Natural Gas Secretary Pankaj Jain has emphasised the need to produce 25 million metric tonnes of hydrogen energy by 2050 to meet the country’s energy needs. Mr. Jain arrived in the city to deliver the keynote address at the inaugural session of the three-day Global Energy Environment Summit titled ‘Hydrogen Energy Resources and Opportunities 2023’ …

India not averse to imposing ‘barriers’ to clean energy imports if pushed: Minister R.K. Singh
1 year, 6 months ago

India not averse to imposing ‘barriers’ to clean energy imports if pushed: Minister R.K. Singh

The Hindu  

Minister for Power and Renewable Energy, R.K. Singh said that India would not shy away from imposing “barriers” to Western imports of clean energy, if the latter raised barriers to India’s potential exports of green hydrogen. The Minister did not explicitly name countries but the allusions are to a recent, global tender, worth at least €900 million by Germany inviting …

How Green Hydrogen Can Be India's Ticket to Energy Independence and Economic Growth
1 year, 6 months ago

How Green Hydrogen Can Be India's Ticket to Energy Independence and Economic Growth

ABP News  

What oil is to Saudi Arabia today, hydrogen can be to the India of tomorrow. With green hydrogen touted to be the climate-friendly fuel of the future, India is gearing up fast to emerge as the leader or even a superpower in producing green hydrogen energy. Birol said: "International Energy Agency believes that India has the potential to become a …

Japan earmarks $107 billion for developing hydrogen energy to cut emissions, stabilize supplies
1 year, 7 months ago

Japan earmarks $107 billion for developing hydrogen energy to cut emissions, stabilize supplies

Associated Press  

TOKYO — Japan’s government on Tuesday adopted a revision to the country’s plans to use more hydrogen as fuel as part of the effort to reduce carbon emissions. Some experts say strategies like commercializing the use of hydrogen and ammonia mainly cater to big business interests and major industries that are heavily invested in fossil fuel-based technologies and have power …

NTPC aims to complete phase-I of Green Hydrogen project by 2026
1 year, 9 months ago

NTPC aims to complete phase-I of Green Hydrogen project by 2026

Deccan Chronicle  

VISAKHAPATNAM: The first phase of the Green Energy Park Project of the National Thermal Power Corporation at Pudimadaka in Anakapalli district, about 40km from Visakhapatnam, will be completed by end of 2026. Talking to the media, the business unit head of NTPC’s Simhadri super thermal power station, Sanjay Kumar Sinha, said NTPC is expected to spend ₹1.1 lakh crore in …

Army Plans to Instal Green Hydrogen-based Power Plants Along Border with China
1 year, 9 months ago

Army Plans to Instal Green Hydrogen-based Power Plants Along Border with China

News 18  

The Indian Army on Tuesday said it has set in motion a process for installation of a green hydrogen-based micro grid power plant project in the forward areas along the northern borders, a move that comes amid the eastern Ladakh border row with China. The Army said it signed an agreement with the National Thermal Power Corporation Renewable Energy Limited …

DC Edit | Green energy is way ahead for India, Germany, world
1 year, 10 months ago

DC Edit | Green energy is way ahead for India, Germany, world

Deccan Chronicle  

Aside from areas such as defence and trade, Prime Minister Narendra Modi and German Chancellor Olaf Scholz on Saturday agreed to strengthen the cooperation between the two nations on one of the most urgent topics of the day — green energy. increase renewables capacity to 500 GW from the present 157 GW which will meet 50 per cent of its …

Union Budget 2023-24 puts India on the path to food and energy security
1 year, 11 months ago

Union Budget 2023-24 puts India on the path to food and energy security

Firstpost  

By extending Centre’s 50-year low-cost capital support by another year, states can clean up their balance sheet for future financing As G20 President, India has set the tone by committing leadership to transition to the green economy. Green hydrogen will become a trillion Dollar Industry in India by 2030, therefore delivering energy security and making India the new prosperous Middle-East …

India’s growing energy demand offers investment opportunities: PM
1 year, 11 months ago

India’s growing energy demand offers investment opportunities: PM

The Hindu  

India’s energy demand has significantly increased and in the coming years, it will reach 11% of the global demand as compared to 5% currently, said Prime Minister Narendra Modi while inaugurating India Energy Week 2023 in Bengaluru on Monday. Also, the country has a chunky class of aspirational population and energy would play an important role in fulfilling the aspirations …

India’s growing energy demand offers investment opportunities: PM Modi
1 year, 11 months ago

India’s growing energy demand offers investment opportunities: PM Modi

The Hindu  

India’s energy demand has significantly increased and in the coming years, it will reach 11% of the global demand as compared to 5% currently, said Prime Minister Narendra Modi while inaugurating India Energy Week 2023 in Bengaluru on Monday. Also, the country has a chunky class of aspirational population and energy would play an important role in fulfilling the aspirations …

Budget 2023-24 puts India on the path to food and energy security
1 year, 11 months ago

Budget 2023-24 puts India on the path to food and energy security

Firstpost  

By extending Centre’s 50-year low-cost capital support by another year, states can clean up their balance sheet for future financing As G20 President, India has set the tone by committing leadership to transition to the green economy. Green hydrogen will become a trillion Dollar Industry in India by 2030, therefore delivering energy security and making India the new prosperous Middle-East …

Budget 2023 | Industry hails Budget’s green energy, infrastructure push
1 year, 11 months ago

Budget 2023 | Industry hails Budget’s green energy, infrastructure push

The Hindu  

The attention and allocation to building a green infrastructure and a decarbonised energy regime is the core of the Union Budget which puts india on the path of being future proof, said Prashant Ruia, Director, Essar Capital. “In times of unprecedented volatility and uncertainty, the Government has maintained a consistent stance across five definitive themes – follow a path to …

India’s finance minister announces new clean energy funds
1 year, 11 months ago

India’s finance minister announces new clean energy funds

Associated Press  

BENGALURU, India — Indian finance minister Nirmala Sitharaman announced several new clean energy initiatives in the government’s annual federal budget speech on Wednesday, saying “green growth” is a top priority for the country. The new funds form part of the government’s $550 billion budget aimed at ramping up spending to spur economic growth and create jobs ahead of the general …

Budget 2023 | Major thrust planned for green energy
1 year, 11 months ago

Budget 2023 | Major thrust planned for green energy

The Hindu  

Underlining a commitment to accelerate the Indian economy’s transition to one powered by green energy, Union Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday mentioned a slew of schemes aimed at promoting clean energy and sustainable living. Green energy was among the ‘Saptarishi’ or seven guiding lights Ms. Sitharaman mentioned in her address that would steer India through …

Govt allocate ₹35,000 crore for energy transition, achieve net-zero by 2070
1 year, 11 months ago

Govt allocate ₹35,000 crore for energy transition, achieve net-zero by 2070

Live Mint  

The issue of climate change is slowly coming into mainstream policies of the government. Union Finance Minister Nirmala Sitharaman on Wednesday announced the allocation of ₹35,000 crore in the Union Budget 2023 as a priority capital investment toward energy transition. “Green Growth” is a separate category in this year's budget that talks about India's vision for energy transition and sustainable …

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