Green hydrogen has a critical role to play in driving India’s net-zero transition and securing its energy needs. The country has embarked on a bold journey through the launch of its National Green Hydrogen Mission. The findings of this report indicate that to achieve its ambitious goal of producing at least 5 MMTPA of green hydrogen production by 2030, India should work to reduce the cost of green hydrogen by lowering the associated renewable electricity expenses and investing in advances in electrolyser manufacturing, infrastructure and innovative R&D.
This report “Green Hydrogen: Enabling Measures Roadmap for Adoption in India” by the World Economic Forum in collaboration with Bain and Company proposes a roadmap defined by five development goals, focused on encouraging the integration of green hydrogen to meet India’s fuel demands and on disincentivizing the use of carbon-emitting fuel sources. Facilitating exports could be another economic incentive that the green hydrogen economy could provide. Also, the incremental value being created during the process of national decarbonization could be used to further aid domestic decarbonization goals.
Access the complete report here
