The Energy and Resources Institute (TERI) has released a policy brief titled 'Green Hydrogen – Path to Decarbonization,' aimed at accelerating India's green hydrogen mission and aligning it with carbon neutrality goals. Despite the potential of green hydrogen in decarbonization efforts, the report acknowledges its higher costs compared to traditional fossil fuels. To bridge this gap, TERI suggests focusing on competitive procurement processes and innovative strategies. TERI emphasizes the importance of establishing a competitive market for green hydrogen in India, drawing parallels with the success of organized bidding in the solar industry. The report proposes the creation of Special Purpose Vehicles (SPVs) modeled after the Solar Energy Corporation of India to drive cost efficiency and attract private sector investments. The policy brief advocates for pilot projects in key industries like shipping, heavy-duty transportation, fertilizers, and steel production to demonstrate the viability of green hydrogen. By supporting these projects with government-backed SPVs and guaranteed supply agreements, India could lead in green technology and attract investments. TERI also highlights the potential of green hydrogen in sectors like power generation and transportation, recommending the use of green ammonia as an alternative fuel in shipping and promoting hydrogen infrastructure for heavy-duty trucks. The report envisions a future where eco-friendly travel vessels and power plants powered by green fuels are the norm. In terms of funding and policy support, the report proposes the establishment of a Development Finance Institution (DFI) to provide long-term credit for green hydrogen projects, enabling India to meet international carbon standards and boost exports of eco-friendly goods. While acknowledging the need for initial subsidies, TERI stresses the importance of transitioning to self-sustaining models to ensure the long-term success of the green hydrogen market.