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    India Considers Bilateral Deals for Green Hydrogen Linked to Carbon Credits

    Mar 14,2024 | DAXTROMNSOLAR

    India is exploring the option of entering into bilateral agreements for the production and export of green hydrogen. These agreements would be tied to carbon credits, aiming to reduce greenhouse gas emissions and combat climate change. Green hydrogen is produced from renewable sources such as wind and solar power, and is seen as a clean alternative to traditional fossil fuels. India, one of the world's largest emitters of greenhouse gases, is looking to leverage its vast solar energy potential to become a major player in the green hydrogen market. These bilateral deals could provide the necessary support and incentives for India to develop its green hydrogen infrastructure and boost its renewable energy sector.
    [Opinion: Embracing green hydrogen could be a game-changer for India's energy landscape]
    As India ponders the possibility of bilateral deals for green hydrogen, it has the opportunity to transform its energy landscape and make substantial progress in reducing its carbon footprint. The country's abundant sunlight and potential for solar energy make it an ideal candidate for utilizing green hydrogen technologies. By embracing this clean alternative and focusing on renewable energy solutions, India can actively contribute to global efforts in combating climate change. The potential economic benefits cannot be overlooked either, as the green hydrogen market is projected to witness significant growth in the coming years. With the right investment and support, India has the potential to become a key player in this emerging sector.
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