All Geoeconomics Economy Trade Policy Technology Policy Climate & Energy
Chapter 13 — Climate & Energy
Climate & Energy

Climate Innovation as Industrial Policy: The 2026 Shift

1,500+ green hydrogen projects with $110B invested. India targets 5 MMT H2 by 2030 and launches carbon trading.

AS
Mr. Abhimanyu Sharma
Policy Analyst, World Development Council
February 2026 · 10 min

Climate innovation now stands at the center of industrial policy. Governments tie decarbonization directly to competitiveness.

The real advantage will lie with economies that treat climate strategy as economic architecture.

Green Hydrogen

India awarded 3,000 MW electrolyzer contracts to 15 firms. Prices at $3-4/kg targeting $1.5/kg by 2030.

Carbon Markets

October 2026: India launches compliance carbon credit trading covering nine industrial sectors (16% of emissions).

ClimateGreen HydrogenCarbon MarketsEV

Discussion

2 comments
Comments are moderated
SB
Suman Balabommu Mar 18, 2026
India carbon trading and CBAM defense strategy is the most strategically important insight.
▲ 21 Reply
RS
Rajat Sagar Jain Mar 18, 2026
2.8% battery operationalization shows massive execution gap needing urgent attention.
▲ 12 Reply