India’s Green Hydrogen Transition: Poised to Play a Major Role in the Global Hydrogen Economy
India is well-positioned to play a major role in the development of green hydrogen (GH2) as an energy solution. The country has abundant renewable energy resources and is investing heavily in GH2 R&D. India is also setting ambitious targets for GH2 production and use.
India’s Energy Transition Vision
India is committed to transitioning to a clean energy economy. The country has set a target of achieving net-zero emissions by 2070. GH2 is seen as a key enabler of this transition.
Government Initiatives
The Indian government has launched several initiatives to promote the development of GH2. These include the National Green Hydrogen Mission, which was launched in January 2023. The mission provides INR19,744 crores in government incentives for GH2 production and electrolyzer manufacturing.
Private Sector Involvement
Several Indian companies are actively investing in GH2. These include Reliance Industries, Adani Group, and Tata Steel.
India’s Potential to Become a Global Leader in GH2
India has the potential to become a global leader in GH2 production and use. The country has abundant renewable energy resources, a strong manufacturing base, and a growing demand for clean energy.
Conclusion
India is making significant progress in the development of GH2. The country has the potential to become a global leader in this field. GH2 has the potential to play a major role in India’s transition to a clean energy economy.
Additional Notes
- India has a target of producing 1 million tonnes of GH2 per year by 2030.
- India is also investing in the development of GH2-powered transportation.
- The Indian government has set a target of reducing carbon emissions by 45% by 2030.
