Empowering India's Green Hydrogen Revolution: TERI's Comprehensive Policy Brief
Key Ideas
- TERI's report emphasizes the potential of green hydrogen but acknowledges its higher cost compared to conventional fuels, proposing pilot projects to stimulate demand.
- The policy brief highlights the need for competitive procurement and innovation to drive down costs and make green hydrogen a viable alternative in various sectors.
- Specific recommendations include pilot projects for green steel, ammonia production in the fertilizer industry, and green hydrogen infrastructure for heavy-duty transportation and shipping.
- TERI also suggests utilizing green hydrogen and ammonia in power generation to meet long-term decarbonization goals, supported by the establishment of a Development Finance Institution for financing.
The Energy and Resources Institute (TERI) in India has released a policy brief titled 'Green Hydrogen – Path to Decarbonization' aimed at advancing India's green hydrogen mission and aligning with carbon neutrality goals. While recognizing the higher cost of green hydrogen compared to fossil fuels, TERI advocates for the implementation of pilot projects to create demand. The report stresses the importance of competitive procurement and innovation to reduce costs, drawing from India's success in the solar sector. TERI proposes small-scale projects in key industries like iron and steel, fertilizers, shipping, and heavy-duty transportation to demonstrate the viability of green hydrogen. Recommendations include establishing SPVs for sector-specific projects and promoting green hydrogen use in power generation to address seasonal demand peaks. The report envisions a future where green ammonia powers carbon-free tourism vessels and proposes the creation of a Development Finance Institution to support large-scale green hydrogen initiatives. TERI's comprehensive strategy focuses on positioning India as a leader in green hydrogen production while fostering sustainability and innovation across industries.
Topics
Green Hydrogen
Renewable Energy
Innovation
Sustainability
Green Technology
Government Initiatives
Carbon Neutrality
Industry Decarbonization
Pilot Projects
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