India eyes lower green hydrogen costs to spur clean energy use

India plans to slash the production costs of green hydrogen to $1 a kilogram from $5-$6 currently to encourage industries to use cleaner energy and wants access to cheaper loans to hep fund that transition, a senior government official said.

The world’s third-largest carbon emitter put out a roadmap in February to become a hub for the production and export of green hydrogen -- made from water and renewable electricity, though the fuel is a long way from being commercially viable.