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International Business News: In the latest report released by the High-level Policy Commission on Getting Asia to Net Zero, it was revealed that Asia's four largest economies coul.
India's Green Hydrogen (H2) electrolyzer market is set to grow significantly, reaching $78 billion by 2050. This growth aligns with ambitious net zero targets, showcasing the pivotal role of Green Hydrogen in achieving decarbonization goals in Asia's industrial sectors.
Experts say this is a significant dent in the country's ambitions, but some are confident that the shortfall can be made up this year.
For years, renewable projects in India have been growing steadily, from small-town rooftop solar installations to large-scale projects across the desert and long stretches of wind turbines and solar panels on farmland all contributing to the country's climate goal of transitioning to clean energy.
Budget 2024: The Indian electric vehicle industry seeks government support through initiatives such as the extension and enhancement of the FAME scheme, GST parity for EV batteries, and financial incentives including tax credits, subsidies, and low-interest loans. Industry players emphasize the importance of these measures in promoting a sustainable and eco-friendly future, incentivizing consumers, boosting industry growth, and stimulating innovation and job creation.