The dynamic reforms and the simplicity of conducting business will generate significant economies of scale and lower the cost of producing green hydrogen to among the lowest in the world.
By 2030, there will likely be a demand for more than 100 MMT of green hydrogen and its derivatives, such as green ammonia, and India may be able to supply roughly 10 MMT of that demand annually, or 10% of the global market.
By 2070, India is anticipated to have Net Zero emissions.
Over 40% of India’s current primary energy needs, or over USD 90 billion annually, are imported.
It is necessary to move toward technologies that permit an increased share of renewable sources in the energy mix and gradually reduce reliance on fossil fuels because the transportation and manufacturing sectors are dependent on imported fossil fuels.
Such low-carbon and independent economic development has the potential to be significantly aided by green hydrogen.
In the production of fertilizer, steel, and other materials as well as the refining of petroleum, it can directly replace feedstocks made from fossil fuels.
Long-distance hydrogen-powered cars and ships could help decarburize the mobility industry.
International trade of green hydrogen and its derivatives, such as green ammonia and green methanol, is projected to occur as a result of the asymmetries in expected demand and production capabilities for green hydrogen, in different countries and areas.
India now has a rare chance to take advantage of its enormous renewable energy and land resources as well as the rising worldwide demand for green hydrogen and its derivatives to establish itself as a major producer and exporter of green hydrogen and its products.
