India has taken the first step in a plan to transform the world’s third-largest emitter of greenhouse emissions into a green hydrogen “center.”
Green hydrogen is created using non-fossil fuel energy and subsequently used in carbon-intensive industrial processes such as steel and concrete production, as well as transportation.
Although the technology has been hailed as a potentially game-changing solution to reduce emissions, it faces significant obstacles, including the expensive cost of the necessary infrastructure.
“The Mission’s goal is to assist the government in attaining its climate targets and to turn India into a green hydrogen hub,” New Delhi stated in unveiling the first phase on Thursday.
This would include industrial incentives such as 25 years of free renewable electricity transmission between states for the production of hydrogen and ammonia, which is utilized in fertilizers.
By 2030, the country wants to produce five million tons of renewable hydrogen per year.
“If this program is implemented, the people of the country will have access to clean fuel.” This will minimize reliance on fossil fuels and crude oil imports, according to the power ministry.
According to a government document, land in renewable energy parks would be allotted for the production of green hydrogen and ammonia, and bunkers will be built near ports for the storage and export of green ammonia.
In the second phase, which is still being developed, Delhi is considering granting incentives and requiring oil refineries and fertilizer facilities to utilize the fuel, Power Minister Raj Kumar Singh said Wednesday, according to Bloomberg News.
India is expected to overtake China as the world’s most populated country this decade, and energy demand is expected to skyrocket.
Prime Minister Narendra Modi pledged to achieve net-zero emissions by 2070 at the Glasgow climate summit in November, but he wants rich countries to help pay for it.
“In the next 20 years, India’s energy requirements are predicted to roughly treble.” “To deny this energy would be to deprive millions of people life itself,” Modi declared earlier this week.
“Developed countries must keep their promises on financial and technology transfer,” he said on Wednesday at the World Sustainable Development Summit (WSDS).
Large investments in renewable technologies, such as green hydrogen, have been promised by Indian industrialists such as Gautam Adani and Mukesh Ambani, who are key players in the coal and oil industries.