The EY-Parthenon report launched at India Energy Week 2025 highlights the potential of replacing 15% of India's refinery hydrogen consumption with green hydrogen to reduce CO₂ emissions by 6.3 MMT by 2035. Currently, India's refineries produce hydrogen through steam methane reforming, leading to significant CO₂ emissions. Despite the cost barrier, green hydrogen is seen as crucial for decarbonisation, with initiatives like the SIGHT program aiming to bridge the price gap with grey hydrogen. The report stresses the need for CCUS in sectors like steel and cement and recommends strategies like tax incentives and carbon pricing to achieve net-zero targets. To combat escalating emissions, India will require substantial investments in clean technologies and collaborations between government and industry. With a projected surge in energy demand driven by economic growth, sustainable industrialization is vital to prevent a drastic increase in emissions. As India embarks on its green transition, balancing growth with sustainability will be key, requiring concerted efforts to integrate green technologies and achieve long-term competitiveness.