Harnessing GREEN HYDROGEN OPPORTUNITIES FOR DEEP DECARBONISATION IN INDIA

Abstract

The Ministry of Power (MoP) recently unveiled the first part of India’s much awaited Green Hydrogen Policy on February 17, 2022. The policy is one of the key outcomes of the National Hydrogen Mission which was launched by the Hon’ble Prime Minister, Shri Narendra Modi, on India’s 75th Independence Day last year. It marks the culmination of months of efforts across multiple ministries and stakeholder groups, and affirms India’s intent to be a global green hydrogen hub. There is also an increased consensus around the world that concerted steps need to be taken to reduce global warming to levels less than 2°C and if possible to cap it at 1.5°C higher than pre-industrial levels. Various countries have pledged their Nationally Determined Contributions to ensure energy transition and reduce emissions. This report aspires to serve as one of the key knowledge bases for the benefit of India’s Green Hydrogen Policy discourse and private sector investment decisions. It was developed over the course of a year by the NITI Aayog team with RMI as the knowledge partner. Beyond primary analysis, the report takes into account views expressed during stakeholder engagements across academia, think tanks, private sector entities, and startups. The report aims at providing the much-needed direction and insight for the stakeholders to act on at this crucial juncture of industry building.