India's Push for Green Hydrogen: Shaping a Sustainable Energy Future
Key Ideas
  • Minister Shripad Naik emphasizes the transformative potential of Green Hydrogen in reducing fossil fuel dependence and enhancing industrial competitiveness.
  • India invites global stakeholders to invest in research, infrastructure, and innovation in the green hydrogen ecosystem, aiming to become a global hub for green hydrogen.
  • Efforts include developing Green Hydrogen corridors, forging international partnerships, and focusing on regulation, incentives, and collaboration with stakeholders.
  • Challenges such as high production costs are acknowledged, with the need for targeted subsidies and long-term policy support to make green hydrogen economically viable.
Minister Shripad Yesso Naik, the Minister of State for New and Renewable Energy in India, highlighted the importance of Green Hydrogen in securing the country's energy future. He called for industry-led research and development, infrastructure development, and international partnerships to scale up Green Hydrogen adoption and reduce reliance on fossil fuels. Naik stressed the role of Green Hydrogen in enhancing industrial competitiveness and fostering sustainable prosperity. Naik invited global stakeholders to invest in the green hydrogen ecosystem and collaborate with India on various initiatives related to research, trade partnerships, and infrastructure development. He also urged Indian industries to focus on scaling up manufacturing, developing human capital, and building green hydrogen infrastructure. The distributed nature of India's economy was emphasized, with the potential for localized models of green hydrogen adoption to drive inclusive economic growth. Under the SIGHT programme, tenders have been floated for significant quantities of green hydrogen and green ammonia, aligning with India's strategy to become a global hub for green hydrogen. The country is also forming partnerships with various nations to establish shared frameworks for green hydrogen certification, storage, and transport. Sumant Sinha, Chairman of ReNew, highlighted the necessity of Green Hydrogen for India's net-zero transition, projecting a significant annual demand by 2070. However, the high production cost of green hydrogen was flagged as a challenge. Sinha advocated for targeted subsidies, policy support, and demand creation to improve the economic viability of green hydrogen. The conclave represents a crucial step in India's efforts to lead the global green hydrogen movement, aligning with its climate commitments and clean energy transition goals. The government is focusing on key pillars such as regulation, incentives, standards, and collaboration with stakeholders to drive the development of the green hydrogen sector.
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