India's Green Hydrogen Certification Scheme: Paving the Way for a $70bn Export Market
Key Ideas
- India launches the Green Hydrogen Certification Scheme (GHCI) to define 'green' hydrogen, with a $70bn export market goal and a 2kg CO2 emissions threshold.
- The GHCI promotes transparency with a multi-tiered certification system, enabling access to government incentives and carbon credits under India's upcoming trading scheme.
- India aims to produce five million metric tonnes of green hydrogen annually by 2030, positioning itself as a low-cost global supplier with support for micro, small, and medium enterprises.
- Challenges include high production costs, infrastructure limitations, renewable energy intermittency, water scarcity concerns, and potential barriers for smaller enterprises in the green hydrogen economy.
India has launched the Green Hydrogen Certification Scheme (GHCI) to regulate the production of 'green' hydrogen, aiming to establish a global export market valued at $70bn. The scheme, unveiled by Union Minister Prahlad Joshi, sets a maximum emissions threshold, certification levels, and requirements for hydrogen producers. It aligns with international standards to ensure transparency and credibility, facilitating access to government incentives and future carbon credit trading. India targets five million metric tonnes of green hydrogen production by 2030, supported by strategic investments and subsidies. However, challenges like high production costs, infrastructure gaps, renewable energy variability, water scarcity issues, and complexity for smaller enterprises could hinder sector scalability. Despite obstacles, India is optimistic about becoming a leading green hydrogen producer, with commitments to sustainability and self-reliance in the green energy transition.
Topics
North America
Renewable Energy
Green Economy
Export Market
Carbon Credits
Domestic Manufacturing
Water Scarcity
World Bank Loan
Certification Scheme
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