Niti Aayog CEO Amitabh Kant on Thursday said that India has the potential to be a global leader in green hydrogen production, MoneyControl reported.
Kant while speaking at the virtual Annual Session of the Confederation of Indian Industry (CII) said that green hydrogen has the ability to drastically reduce co2 emissions.
“India can be a major exporter of both green hydrogen and green ammonia. India has the potential to execute the world’s largest green hydrogen programme to raise the annual production capacity of 5 million tons of 100 per cent Zero Carbon green hydrogen by 2030 all for domestic demand,” Kant said.
According to Kant green hydrogen also has the potential to reduce energy imports and hence will help India become one of the first major economies to industrialise without the need to carbonise.
” My view is that in the next five years solar prices should come down to Re 1 per unit. And, therefore, this will create a situation where India’s green products will be cheaper than India’s high carbon products,” he further added.
He urged established industries to focus on green hydrogen and solar panels to make India globally competitive to be part of the global supply chain.
Kant also noted that established automobile industries are not really keen on their approach towards electric vehicles. As reported by MoneyControl, he also said that 200 billion worth of finance from the Indian private sector is needed to drive change.
Ahmedabad Plane Crash