The India Hydrogen Alliance (IH2A) has called on the Indian Government to more than double its budget of green hydrogen subsidies to $4.8bn.
The industry coalition cited concerns about slow project development and the lack of green hydrogen offtake agreements, which could potentially undermine India’s National Green Hydrogen Mission.
To turn the tide, IH2A has recommended that the government issue demand-side incentives to industrial end-users in the industrial sectors – specifically refining, fertilisers, steel, chemicals, and heavy-duty transport sectors.
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