The Indian Govt. has launched the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme, inviting bids for 450,000 tonnes per year of green hydrogen manufacturing capacity. The program, part of the National Green Hydrogen Mission, focuses on green hydrogen and electrolyzers. The Solar Energy Corporation of India will oversee implementation.
Finance leaders, companies, & philanthropists (at the Climate Finance Mobilisation Forum, UK) have committed over $2 billion to support carbon emissions reduction and climate resilience in Africa, Asia, and Latin America - while emphasizing the importance of mobilizing private capital for emerging economies. Initiatives include those from Renewable Resources Group Partnership, Tony Elumelu Foundation & others.
The World Bank funding aims to accelerate renewable energy adoption, promote green hydrogen, and facilitate climate finance for low-carbon investments. It will be used to sustain India's net-zero target of 2070, which requires reducing fossil fuel usage while recognising its rapid-growth needs and climate-change mitigation.