India's Green Hydrogen Certification Scheme: Driving Transparency and Investment
Key Ideas
- The Ministry of New and Renewable Energy in India has introduced a draft for a green hydrogen certification scheme to enhance transparency and accountability in the sector.
- The Bureau of Energy Efficiency will oversee the accreditation of agencies to monitor, verify, and certify green hydrogen projects, ensuring traceability and environmental integrity.
- Certified carbon verification agencies will validate carbon credits associated with green hydrogen production, boosting confidence for international buyers and attracting significant investments.
- India has already secured $70 billion in investments for green hydrogen and electrolyser manufacturing, showcasing a strong commitment to sustainable energy development.
The Ministry of New and Renewable Energy (MNRE) in India has unveiled a draft for a green hydrogen certification scheme to promote transparency and accountability in the green hydrogen sector. The scheme is designed to be overseen by the Bureau of Energy Efficiency, which will accredit agencies responsible for monitoring, verifying, and certifying green hydrogen projects. This initiative aims to ensure that there is a rigorous process in place for calculating the greenhouse gas emission intensity of green hydrogen production. By establishing detailed guidelines and a robust certification process, the scheme guarantees both the traceability and environmental integrity of green hydrogen. Carbon verification agencies will play a crucial role in validating and verifying carbon credits linked to green hydrogen production. They will conduct regular reviews to authenticate producers' claims, fostering trust among international buyers. Producers will be required to register on a designated platform and adhere to the specified measurement, reporting, and verification framework. The scheme's implementation not only reaffirms India's commitment to meeting global standards but also boosts confidence among international buyers in India's green hydrogen exports. In a significant development, India has already secured an impressive $70 billion in investments for green hydrogen and electrolyser manufacturing. This showcases the country's growing attractiveness as a destination for sustainable energy investments and underscores the potential for significant growth in the green hydrogen sector.
Topics
India
Renewable Energy
Investment
Transparency
Carbon Credits
Certification Scheme
Environmental Integrity
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