Germany and India Collaborate on Green Hydrogen Investment Strategy
Key Ideas
- Germany and India have agreed to promote private-sector investment and green hydrogen trade.
- The Indo-German Green Hydrogen Roadmap aims to intensify information exchange and create policies for green hydrogen.
- The collaboration is expected to support Germany's hydrogen import goal.
During the 7th Inter-Governmental Consultations (IGC) in New Delhi, Germany and India unveiled the Indo-German Green Hydrogen Roadmap to boost private-sector investments and facilitate green hydrogen trade. The strategy focuses on encouraging investment, promoting information exchange in hard-to-decarbonise sectors, and developing policies to enhance production, trade, export, and utilization of green hydrogen. This collaboration is anticipated to strengthen support for Germany's hydrogen import target, indicating a step towards achieving sustainable energy goals. The partnership underscores the commitment of both countries to advancing renewable energy solutions and fostering a sustainable future through the promotion of green technologies and investments.