India's Green Hydrogen Ambition: Unlocking Decarbonization Potential
Key Ideas
  • India's annual hydrogen consumption set to rise sharply from 5-7 million tonnes to 15-20 million tonnes by 2030, requiring ₹8-10 trillion investment in green hydrogen ecosystem.
  • High costs challenge green hydrogen adoption, with the need to reduce production costs to $2 per kg through policy interventions and access to low-cost green finance.
  • National Green Hydrogen Mission aims to produce 5 million tonnes of green hydrogen annually by 2030, positioning India as a global leader in green hydrogen and clean energy innovation.
  • Massive investments essential to establish green hydrogen infrastructure and overcome challenges to drive deep decarbonization in hard-to-abate sectors and unlock new applications for green hydrogen.
India is gearing up for a significant rise in its hydrogen consumption, with the need to transition to green hydrogen to decarbonize hard-to-abate sectors like steel and fertilizers. A report by SBICAPS highlights the necessity of investing ₹8-10 trillion in building the green hydrogen ecosystem to meet the projected demand of 15-20 million tonnes by 2030. While there is a surge in demand for green hydrogen, the high production costs pose a challenge, necessitating policy interventions to bring costs down to $2 per kg. The National Green Hydrogen Mission and the SIGHT programme are strategic initiatives by the Indian government to promote green hydrogen production and position India as a global leader in clean energy innovation. Investments in green hydrogen infrastructure are crucial to overcoming cost challenges and driving deep decarbonization in various sectors, ultimately solidifying India's role in the global energy transition.
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