India Explores Bilateral Deals for Investment in Green Hydrogen Carbon Credits

  • India is investigating potential bilateral agreements with countries such as Japan, allowing these nations to use carbon credits tied to Indian green hydrogen production in return for investment and purchasing contracts.
  • India could benefit from the European Union’s goal of importing 10 million tonnes of green hydrogen by 2030 under the Paris Agreement’s Article 6, which provides for shared carbon credits between nations and private companies.
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