India's Push for Green Hydrogen: A Path to Sustainable Prosperity
Key Ideas
- Minister Naik emphasizes the potential of Green Hydrogen for energy security and reduced dependency on fossil fuels, urging industry leaders to invest in research and infrastructure.
- India's focus on distributed models and local demand aims to drive bottom-up growth and strengthen domestic consumption of Green Hydrogen, promoting regional balance.
- Government initiatives like the SIGHT programme and collaborations with international partners demonstrate India's commitment to becoming a global Green Hydrogen hub.
- Industry experts like Chairman ReNew stress the importance of Green Hydrogen for India's energy transition, highlighting the need for subsidies to address cost disparities and boost production.
Minister of State for New & Renewable Energy, Shripad Yesso Naik, highlighted the significance of Green Hydrogen at the CII International Business Conclave in New Delhi. He stressed the potential of Green Hydrogen to enhance energy security, reduce reliance on fossil fuels, and improve industrial competitiveness. Minister Naik invited global companies, governments, and financing institutions to collaborate on research, innovation, and trade in the Green Hydrogen sector. He also called upon India's industry to invest in research, scale manufacturing, build infrastructure, and develop human capital.
The minister emphasized that Green Hydrogen is not just a fuel but a commitment to sustainable prosperity and the planet. India's focus on distributed models and local demand aims to promote domestic consumption of Green Hydrogen and ensure regional balance. Under the SIGHT programme, tenders have been issued for significant amounts of Green Hydrogen and Green Ammonia, showcasing India's commitment to green fuel.
Secretary Santosh Kumar Sarangi highlighted the promising future of Green Hydrogen and the government's efforts in regulation, incentives, standards, and collaborations with stakeholders. Chairman ReNew, Sumant Sinha, pointed out the necessity of Green Hydrogen for India's energy transition and achieving net zero by 2070. He suggested subsidies to address the cost disparities between Green and Grey Hydrogen and emphasized the importance of dealing with issues like high cost, GST, long-term contracts, and demand creation to boost Green Hydrogen production in the country.
Topics
Investing
Renewable Energy
Sustainability
Economic Development
Infrastructure Investment
Industry Collaboration
International Partnerships
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