Accelerating India's Clean Energy Transition with Green Hydrogen
Key Ideas
- India's Green Hydrogen Mission aims to produce 5 million tons of green hydrogen annually by 2030, with a potential increase to 10 million tons, supported by significant government funding and initiatives.
- Public sector undertakings like GAIL, NTPC, and Indian Oil are already investing in green hydrogen projects, while states like Maharashtra and Uttar Pradesh are setting ambitious targets for green hydrogen production.
- Private sector players such as Reliance and Adani are actively investing in green hydrogen to reduce production costs and accelerate India's green hydrogen goals, aiming to position the country as a key exporter of green hydrogen.
- The policy brief emphasizes key strategies such as cost reduction, R&D investment, public-private collaborations, and the establishment of Special Purpose Vehicles to drive India's green hydrogen initiatives and ensure a successful transition to net-zero emissions by 2070.
India's Green Hydrogen Mission is gaining momentum with a new policy brief released by The Energy and Resources Institute (TERI), focusing on accelerating the country's green hydrogen initiatives in hard-to-abate sectors like industry and transportation. The brief outlines the ambitious target of producing 5 million tons of green hydrogen annually by 2030, supported by significant government funding of INR 19,744 crore. Initiatives like the Strategic Interventions for Green Hydrogen Transition (SIGHT) program and pilot projects aim to facilitate green hydrogen production, with public sector undertakings and states like Maharashtra and Uttar Pradesh actively participating. Major private sector players are also investing to reduce production costs and position India as a key exporter of green hydrogen. The policy brief emphasizes the importance of competitive procurement, Special Purpose Vehicles, and collaborations between developers and industries to drive innovation and efficiency. Recommendations include financial mechanisms, policy frameworks, and regulatory guidelines to create a conducive environment for green hydrogen development. India's green hydrogen ambitions play a vital role in the country's decarbonisation journey and its global leadership in clean energy.
Topics
Projects
Clean Energy
Investment
Net Zero Emissions
Decarbonisation
Transportation Sector
Industrial Sector
Public-private Collaboration
Policy Brief
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