G20 declaration stresses on transparent global market for low-carbon hydrogen

livemint.com:

Alliance (ISA). India has been making efforts to boost the domestic green hydrogen economy and also is looking at becoming an export hub for green hydrogen.

Earlier this year, the government launched the National Green Hydrogen Mission including incentive schemes for production of green hydrogen and elecrtolyzers. India has also come up with its standard for green hydrogen.

Industry stakeholders have applauded the declaration and the emphasis on energy transition. Taking to X (formerly Twitter) Sumant Sinha, Founder, Chairman & CEO of ReNew said: "Under the leadership of Prime Minister @narendramodi, India takes forward the global decarbonisation agenda.

The G20 Delhi Leaders Declaration is a firm commitment to sustainable and inclusive growth, advancement of renewable energy, and reforming financial institutions—including multilateral development banks—toward funding the energy transition." In a statement, Vineet Mittal, founder of Avaada described the G20 Delhi declaration as a beacon of hope for a brighter, greener, and more inclusive future. Arunabha Ghosh, CEO, Council on Energy, Environment, and Water (CEEW) said that the focus on resource efficiency and the importance of sustainable consumption by the G20 members is critical.