Try GOLD - Free
Green hydrogen incentives likely for polluting sectors
Mint Bangalore
|January 23, 2025
Moving to large-scale use of hydrogen fuel could enhance India's geopolitical heft
The Union budget for FY26 may announce financial support for green hydrogen initiatives in key polluting industries—including steel, cement, and power—according to two people aware of the matter, as high costs slow the adoption of green technologies.
The ministry of new and renewable energy has sent a proposal to offer incentives for the adoption and procurement of green hydrogen to the finance ministry, said one of the persons quoted above.
"Incentives for adoption of green hydrogen and CCUS (carbon capture, utilization and storage) are expected to be mentioned in the budget. The adoption of both green hydrogen and CCUS is key to energy transition goals. It is felt that fiscal support would be required to increase their capacity addition and usage," the person added.
Under the ₹19,700 crore National Green Hydrogen Mission (NGHM), the government currently offers supply-side support. This includes ₹17,490 crore for the production of green hydrogen and electrolyzers under the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme.
This story is from the January 23, 2025 edition of Mint Bangalore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Bangalore
Mint Bangalore
A modern-day throwback to 'Malgudi Days'
Sita Bhaskar's latest novel revisits writer R.K. Narayan’s legacy to explore class, caste, and community in Mysuru
4 mins
December 13, 2025
Mint Bangalore
Come for the 'baithak', stay for the shopping
Fashion brands are hosting workshops, talks, music gigs and 'baithaks' to take a culture-first approach to customer loyalty
4 mins
December 13, 2025
Mint Bangalore
Novo Nordisk debuts Ozempic at ₹2,200 a week
Danish drugmaker Novo Nordisk on Friday launched its blockbuster diabetes drug Ozempic in India, with a starting price of ₹2,200 per week.
1 mins
December 13, 2025
Mint Bangalore
Tushar Adhav and politics of the dance floor
There's a 1983 song by English new wave band Re-Flex that keeps popping up in my mind every time I find myself on an Indian club floor.
4 mins
December 13, 2025
Mint Bangalore
English's place in history is not black and white
In 1784, two white men joined forces to establish an English school in Thanjavur, Tamil Nadu.
4 mins
December 13, 2025
Mint Bangalore
Rajasthan limits e-NAM 2.0 pilot amid snags; 1.0 to stay
The Centre restricted e-NAM 2.0 pilot to 10 mandis, including Tonk, Jodhpur and Sujangarh
3 mins
December 13, 2025
Mint Bangalore
GST cuts, easing inflation drive rural demand revival
India’s rural economy expanded and recovered strongly in late 2025, with consumption, incomes and investment improving after a key tax reform and as inflation eased, a survey showed.
2 mins
December 13, 2025
Mint Bangalore
Sebi weighs easier unified penalty rules for listed cos
Explores framework like the one for brokers that standardized and reduced fines
2 mins
December 13, 2025
Mint Bangalore
The loss of Srinagar as a cosmopolitan city
Sameer Hamdani's book brings alive the details that once defined life in one of South Asia's oldest cities but stops short of reflecting on the present
5 mins
December 13, 2025
Mint Bangalore
'We need 100 Earths to sustain generative Al'
Karen Hao, author of ‘Empire of AI’, explains how AI and tech companies are no less than extractive colonial empires
4 mins
December 13, 2025
Listen
Translate
Change font size