<ul><li>The Government of India has approved financial support to 8 companies for setting up 1.5 GW of electrolyser capacity and to 10 companies for producing 4,12,000 tonnes of green hydrogen.</li><li>However, producing renewable hydrogen is currently more expensive than fossil-based production, and it is not expected to be cost-competitive until after 2050.</li><li>The government's subsidies cover only a small fraction of the cost gap, and significant financial support would be needed until cost parity is reached.</li><li>The pursuit of green hydrogen is currently chasing a chimera, and a revised timeline and realistic level of ambition are needed.</li></ul>

Why the pursuit of green hydrogen is chasing a chimera

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