As climate change and carbon emissions pose an ever-increasing threat to our planet, the global focus on renewable energy sources has intensified. Among these sources, green hydrogen and ammonia have emerged as crucial players in the quest for sustainability. India, with its ambitious Green Hydrogen Mission, is poised to become a major exporter of clean hydrogen fuel.
With an oil price shock threatening to derail economies globally, the focus has shifted to renewable energy with over $25 billion or Rs 2 lakh crore investment planned in India for using sunlight, water and air to produce energy.
Kishore Joshi is an attorney at Nishith Desai Assoc. India-centric Global Law Firm, specializing in all the matters relating to investment by Foreign Portfolio Investors.