<p>The policy is aimed at encouraging investment as the groundwork for a net-zero-carbon economy. Green hydrogen and ammonia could help India meet its Nationally Determined Contribution (NDC) targets by reducing emissions in hard-to-abate sectors such as refineries, chemicals, and fertilisers. Welcoming the policy, Vikram Kirloskar, Past President, Confederation of Indian Industry (CII) and Chairman, CIL Task Force on Green Hydrogen, said, &ldquo;The requirement of time-bound clearances for these projects would spur investment while grid connectivity on priority will ease operational processes. The waiver of interstate power transmission charges for 25 years for those putting up projects before June 30, 2025, will also encourage early investment by manufacturers.&rdquo; As per the policy, the Ministry of New and Renewable Energy will develop a portal for project clearances following a single-window process. Green hydrogen and green ammonia production units will be encouraged in close proximity to manufacturing zones. Furthermore, constructing bunkers for fuel storage will promote export. The policy has taken a two-pronged approach to encourage the use of renewable energy while also encouraging the production of hydrogen and ammonia from it.</p>

Green hydrogen and ammonia policy

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