CNBC-TV18 spoke to Subramanian Sarma, Whole-time Director-Energy and CEO of L&T Hydrocarbon Engineering, Vartika Shukla, CMD, Engineers India, Jal Irani, Senior VP, Institutional Equity Research of Edelweiss Financial Services, to understand the benefits of the initiatives announced by the government under phase 1 of the Green Hydrogen Policy.

The case of poisoned water in faraway Flint in US was made famous by Erin Brockovich, a movie starring Julia Roberts. It was a case of environmental racism. As was the Bhopal gas tragedy in India, involving Union Carbide. Numerous such instances are found all over the world and environmental pressure groups are trying their best to force governments, especially the Global North, to take equitable measures.

Prime Minister Narendra Modi virtually inaugurated a 550-tonne capacity 'gobar-dhan' Bio-CNG plant in Indore, Madhya Pradesh. Named Govardhan, the plant is based on the concept of waste-to-wealth innovation.

The first phase of the government's green hydrogen policy has been unveiled - the centre expects the policy to be a game changer for India's energy security. As part of phase 1 of the policy, companies setting up facilities to manufacture green hydrogen shall be incentivised in the form of free transmission facilities for 25 years, open access among others.