First Green Hydrogen Policy offers sops to makers and users both

Manufacturing zones to be set up for green hydrogen/ammonia

The government on Thursday launched the country’s first green hydrogen policy as part of its energy transition plan. The objective is to reduce fossil fuel usage and increase penetration of green fuels. The policy follows Prime Minister Narendra Modi’s announcement about a National Hydrogen Mission last Independence Day. 

The new policy provides several incentives for manufacturers, consumers of green hydrogen and green ammonia. 

It’s a welcome development for the industry, including big businesses such as Reliance Industries (RIL) and Adani Enterprises. Existing renewable energy generation companies such as ACME group and ReNew Power would also be able to utilise their existing green