The Hindu Editorial Analysis How to Become a Green Hydrogen Superpower
The Hindu Editorial Analysis: The editorial analysis of The Hindu Newspaper Editorial Articles aimed at simplifying various concepts relevant to the UPSC and other State PSC Exams. The Editorial Analysis helps in expanding the knowledge base as well as framing better quality mains answers. Today’s Hindu Editorial Analysis suggest ways to make India a Green Hydrogen Superpower.
The 2023 Union Budget has allocated ₹19,700 crore for the National Green Hydrogen Mission. This will set in motion a programme that can position India as a green hydrogen (super)power.
India has committed to 50% electricity capacity from non-fossil sources by 2030. But an energy transition in industry is needed at the same time. Most industrial greenhouse gas emissions in India come from steel, cement, fertilizers and petrochemicals.
India is targeting at least five million tonnes of production by 2030, which is larger than that of any single economy.
For the vision to convert into reality, government and industry must act in sync along five priorities.
Domestic demand is critical. If we are not a big player domestically, we cannot be a major player in the international market.
India can be an attractive destination for domestic and foreign investment. Green hydrogen production projects announced/underway in India are far fewer compared to others.
The SIGHT fund offers ₹4,500 crore to support electrolyser manufacturing under the performance-linked incentive scheme. Currently, manufacturers are importing stacks and assembling them.
India must establish bilateral partnerships to develop resilient supply chains. Globally, about 63 bilateral partnerships have emerged; Germany, South Korea and Japan have the most. Using yen- or euro-denominated loans for sales to Japan or to the EU, respectively, could reduce the cost of capital and help us become export competitive.
India must coordinate with major economies to develop rules for a global green hydrogen economy. In the absence of common global frameworks, attempts for rules and standards are being driven by collectives of private corporations rather than through structured intergovernmental processes.
India should promote a global network on green hydrogen via which companies could collaborate. Green hydrogen will be a critical industrial fuel of the 21st century. India is well-positioned to show leadership — in our collective interest and that of the planet.
National Green Hydrogen Mission Approved by Union Cabinet Chaired by PM Modi
India is targeting at least five million tonnes of Green Hydrogen production by 2030, which is larger than that of any single economy.
Splitting water into hydrogen and oxygen is energy-intensive. When this energy comes from renewable/non-fossil sources, we get green hydrogen.
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