India has clearly established itself as the hub of world energy issues. Nation has drawn international attention for its initiatives in a range of sectors, including solar, coal, hydrogen, and biofuels, while speaking at a G20 forum on energy transition in Delhi.
According to him, India can quickly overtake other nations in the production of green hydrogen. As part of the National Green Hydrogen Mission, India plans to invest up to Rs. 8 trillion in the industry.
By 2030, the nation hopes to produce at least 5 million metric tonnes of green hydrogen annually (MMTPA), along with an additional 125 Gw of renewable energy capacity.
India contributed more solar energy than any other country over the past five years, giving access to power to 500 million people and cooking gas to about 100 million. This reduced the amount of household pollution brought on by the use of wood and other cooking fuels.
The amount of investments received by the solar energy industry now exceeds that of oil production for the first time. However, advanced economies and China continue to get 90% of the investments made in renewable energy. The G20 leaders will make sure that emerging economies and Africa receive a larger share of investments in renewable energy.