India mulls bilateral deals for green hydrogen-linked carbon credits
ia is considering bilateral agreements with countries such as Japan to allow them to use carbon credits linked to green hydrogen production in India in exchange for investment and purchase deals, two government sources and one industry source told Reuters.
New Delhi this year approved a Rs 17,490 crore ($2.13 billion) incentive plan to promote green hydrogen in a bid to cut carbon dioxide emissions and become a major exporter in the sector.
Indian companies such as Reliance Industries, Indian Oil and Adani Enterprises have big plans for green hydrogen, a fuel generated using renewable energy.
