In the quest for clean energy of the future, efforts are underway for the next-generation fuel to burn in power stations, warm homes, and power cars in India and elsewhere. India has voluntarily committed to reducing the greenhouse gas effect and achieving an emissions-intensity target of 33-35 per cent by 2030 below 2005 levels. Hence, to disable the catastrophic effects of global warming, the country has decided to produce ‘Green’ hydrogen by using renewable energy.
Responding to India’s efforts in combating the ill effects of climate change, the National Hydrogen Mission was first announced in the Union Budget for 2021-22 in February this year. Subsequently, at the 75th Independence Day celebration, the Prime Minister announced India’s commitment to developing the National Green Hydrogen Energy Mission to expand green hydrogen production and utilization across multiple sectors. The country is initially aiming at about 1 million tonnes of annual green hydrogen production by 2030.
Notably, green hydrogen is an untapped opportunity that can help India in the energy transition. India can lower the cost of green hydrogen by using low-cost renewable generating plants and experience gained of decreased costs in a reverse auction in solar and wind energy. Moreover, global studies estimate that with lower renewable energy costs and improving electrolyzer technologies, green hydrogen can become cost-competitive by 2030.
Noticeably, therefore, green hydrogen will play an essential role in decarbonizing India’s economy, especially in the hard-to-decarbonize sector. India’s green hydrogen mission is to accelerate its plans to generate carbon-free fuel from renewables supporting the government’s target of 2047 for the country to achieve self-reliance in energy.