India's Green Hydrogen Revolution: Towards Viksit Bharat 2047
Key Ideas
  • India is urged to invest in green hydrogen infrastructure to achieve Viksit Bharat 2047 vision, emphasizing the importance of renewable energy sources and public-private partnerships.
  • The government is advised to boost R&D activities, support thorium-based molten salt reactors, and implement suitable policies to attract investments in the hydrogen sector.
  • Green hydrogen is highlighted as a key player in India's energy transition strategy, aiming for energy independence by 2047 and net-zero emissions by 2070.
  • The increased funding for the National Green Hydrogen Mission in the Union Budget 2024-25 reflects India's commitment to sustainable energy, innovation, and global leadership in the hydrogen market.
India is being encouraged to ramp up its investment in green hydrogen production infrastructure to realize the vision of Viksit Bharat 2047. Professor Ganapati Myneni stressed the significance of scaling up renewable energy sources for electrolysis, establishing storage and distribution networks, and fostering public-private partnerships for driving innovation and reducing costs. The government is advised to intensify efforts in R&D, support thorium-based molten salt reactors, and create conducive policies to attract investments and promote collaboration between the public and private sectors. India has set ambitious targets of achieving energy independence by 2047 and net-zero emissions by 2070, with green hydrogen playing a crucial role in this transition. By utilizing electrolysis with renewable energy sources, green hydrogen can be produced as a clean and emission-free alternative to fossil fuels, aiding in carbon emission reduction. The country's abundance of thorium reserves positions it uniquely to lead in thorium-based molten salt reactor technology, requiring focused funding and policy support for R&D. The launch of the National Hydrogen Mission and increased allocation in the Union Budget 2024-25 exhibit India's commitment to becoming a global leader in green hydrogen production, aligning with the goal of achieving developed nation status by 2047. This strategic investment in hydrogen aims to solidify India's position in the global energy transition, fostering innovation, attracting investments, and accelerating the transition towards sustainable energy solutions.
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