India to Establish Green Hydrogen Trading Market and Price Index
Key Ideas
  • India is planning to create a trading market and price index specifically for low-carbon hydrogen, commonly referred to as green hydrogen.
  • This initiative aims to promote the use of green hydrogen as a sustainable energy source and facilitate its trading within the market.
  • The move signifies India's commitment to advancing towards a more environmentally friendly and sustainable energy landscape, aligning with global efforts to reduce carbon emissions.
India is taking significant steps towards promoting green hydrogen by planning to establish a dedicated trading market and price index for this low-carbon alternative. The decision was announced by a top official to Energy Intelligence, indicating the country's commitment to sustainable energy solutions. Green hydrogen, produced through electrolysis using renewable energy sources, is gaining momentum as a clean energy carrier with the potential to replace traditional fossil fuels. The creation of a specialized trading platform and price index will provide a structured framework for buying and selling green hydrogen, boosting its market penetration and competitiveness. This development aligns with India's broader goals of reducing carbon emissions and transitioning towards a more sustainable energy mix. By creating a conducive environment for green hydrogen trading, India aims to accelerate its adoption and contribute to global efforts in combating climate change.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.