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India become a “global hub” for exporting green Hydrogen?

- 2023-06-13
India become a “global hub” for exporting green Hydrogen?


 

India Aiming at capturing10 percent of the global green hydrogen market, India can potentially export about 10 MMT green hydrogen/green ammonia per annum,” it read. India is eyeing the European Union (EU), which has set a target of importing 10 MMTPA of green hydrogen by 2030.

 

What is the Govt of India green hydrogen policy?

The National Green Hydrogen Mission was approved by the Union Cabinet, with the intended objectives of: Making India a leading producer and supplier of Green Hydrogen in the worldCreation of export opportunities for Green Hydrogen and its derivatives.

 

India has set its sight on becoming energy independent by 2047 and achieving Net Zero by 2070. To achieve this target, increasing renewable energy use across all economic spheres is central to India's Energy Transition. Green Hydrogen is considered a promising alternative for enabling this transition. Hydrogen can be utilized for long-duration storage of renewable energy, replacement of fossil fuels in industry, clean transportation, and potentially also for decentralized power generation, aviation, and marine transport. The National Green Hydrogen Mission was approved by the Union Cabinet on 4 January 2022, with the intended objectives of:

 

·       Making India a leading producer and supplier of Green Hydrogen in the world

 

·       Creation of export opportunities for Green Hydrogen and its derivatives

·       Reduction in dependence on imported fossil fuels and feedstock

 

·       Development of indigenous manufacturing capabilities

 

·       Attracting investment and business opportunities for the industry

 

·       Creating opportunities for employment and economic development

 

·       Supporting R&D projects

 

What is green hydrogen policy in India 2023?

India's National Green Hydrogen Mission is a government initiative aimed at promoting the use of hydrogen as a clean and renewable energy source in the country, and it has just received INR 19,700 crore rupees as a part of the national budget 2023.This is to help facilitate the transition of the economy to low carbon intensity and reduce dependence on fossil fuel imports. This mission has the potential to transform the energy sector in India, reducing the country's dependence on fossil fuels and contributing to a cleaner and more sustainable future.

 

One of the main objectives of the Mission is to increase the production of hydrogen in India. The mission aims to achieve this by promoting the development of hydrogen production technologies such as water electrolysis, steam methane reforming, and biomass gasification. The government is also providing financial and technical support to companies and research institutions working on the development and commercialization of these technologies.

Another important objective is to increase the use of hydrogen as a fuel for various applications, including transportation, industrial processes, and power generation. Hydrogen has the potential to replace fossil fuels in these sectors, reducing greenhouse gas emissions and contributing to a cleaner environment. The government is also promoting the development of hydrogen fuel cell technologies, which can store and use hydrogen as a clean and renewable energy source.

In addition to promoting the production and use of hydrogen, the Mission is also aimed at creating a favourable policy and regulatory environment for the growth of the hydrogen industry in India. This includes providing tax incentives, reducing import duties, and establishing hydrogen production and distribution infrastructure across the country. The government is also working to create a skilled workforce to support the growth of the hydrogen industry and ensure that the necessary technical and professional skills are available.

 

The Mission has the potential to make a significant contribution to India's energy security and sustainable development. Hydrogen is a clean and renewable energy source that can be produced from a variety of sources, including water, natural gas, and biomass. By increasing the production and use of hydrogen, India can reduce its dependence on fossil fuels, reduce greenhouse gas emissions, and contribute to a cleaner and more sustainable future.

 

 

Source:

india.gov.in

Investindia.gov.in