About 60% of the communique has been agreed upon, but negotiations are still continuing on whether the future of hydrogen should be green or clean, people aware of the development said. The communique entails a paragraph that states to deplore the aggression by Russia against Ukraine, which is being opposed by Russia and China, sources said.
The G20 Energy Transition Working Group has agreed to work towards low-cost financing for energy transition technologies, further deployment of sustainable biofuels and advancing low-emission fuels. The members also agreed on a voluntary action plan for lowering the cost of finance for energy transition, sources close to the development told ET.
Avaada will utilize the REC investment to spearhead its renewable energy projects across India in the next few years. These ventures include green hydrogen and its derivatives, solar photovoltaic (PV) manufacturing, and an assortment of solar, wind, and hybrid projects.
Get latest articles and stories on India at LatestLY. India plans to have 50 per cent of installed capacity of power from non-fossil based energy sources by 2030, a top official of the Union ministry of new and renewable energy said here on Thursday. India News | G20 Energy Transition Working Group Meet: Union Govt Secretary, Goa CS Bat for Solar Energy.