February 3, 2021 Read More →

India green hydrogen budget praised as good start

The Navhind Times:

Environment activists and experts on Monday said the Budget announcements that India will soon have a policy on green hydrogen is a welcome step but expressed displeasure over lack of policy on closing inefficient coal plants and clarity on electric public transport vehicles.

Responding to the budget announcements, Aarti Khosla, Director Climate Trends, said there were several key indicators that the budget was in line with global trends. 

Describing the budget a mixed bag for the environment, Institute for Energy Economics and Financial Analysis’ (IEEFA) Senior Energy Economist Vibhuti Garg said in the power sector, the government announced infusion of funds to the Solar Energy Corporation of India (SECI) and the Indian Renewable Energy Development Agency (IREDA), increased custom duties on solar lanterns and inverters to boost domestic manufacturing and also launching the National Hydrogen Mission.

 “What is missing is the support for closure of inefficient coal plants.”

“In the transport sector again, while there is allocation for augmentation of public bus transport services, it doesn’t say whether it will be electric vehicles.”

[Staff Report]

More: Green activists hail budget policy on green hydrogen

Posted in: IEEFA In the News

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