India Proposes Green Hydrogen Certification Scheme to Boost Investments
Key Ideas
- The Ministry of New and Renewable Energy in India has introduced a draft proposal for a Green Hydrogen Certification Scheme to regulate and certify green hydrogen projects.
- The Bureau of Energy Efficiency will oversee the accreditation of agencies to monitor and certify green hydrogen projects, ensuring compliance with greenhouse gas emission guidelines.
- The scheme aims to provide a guarantee of origin for green hydrogen, establish clear certification procedures, and boost investor confidence, with India already attracting significant investments in the sector.
- Companies such as Reliance Industries, Adani Enterprises, and Indian Oil Corporation have committed billions of dollars to green hydrogen and electrolyser manufacturing, aiming to align with global standards and facilitate exports.
The Ministry of New and Renewable Energy in India has unveiled a draft proposal for a Green Hydrogen Certification Scheme to enhance the green hydrogen sector. The scheme, if implemented, will be crucial in monitoring, verifying, and certifying green hydrogen projects in the country. The Bureau of Energy Efficiency is set to play a pivotal role as the nodal authority responsible for accrediting agencies to ensure compliance with greenhouse gas emission intensity guidelines during green hydrogen production.
Stakeholders have been invited to provide feedback on the draft proposal before September 27, showcasing the ministry's commitment to engaging with industry players and experts to refine the scheme. By establishing a clear certification procedure and a guarantee of origin for green hydrogen, the scheme aims to elevate the standards of production and instill confidence in buyers, especially those eyeing the export market.
The proposal also outlines the involvement of a carbon verification agency to validate and verify activities under the carbon credit trading scheme, ensuring the annual verification of green hydrogen producers' claims. Producers will be required to register on a designated portal and adhere to a measurement, reporting, and verification framework to comply with the certification scheme.
This move comes at a time when India has seen significant investment commitments in green hydrogen and electrolyser manufacturing, totaling $70 billion as per the World Bank. Major players like Reliance Industries, Adani Enterprises, Indian Oil Corporation, and Larsen & Toubro have already pledged substantial investments in the sector, reflecting a positive outlook towards green hydrogen's potential in the country's energy landscape.
Topics
Green Hydrogen
Renewable Energy
Investment
Industry
Export
Carbon Credits
Guidelines
Certification Scheme
Stakeholders
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