As Indian enterprises are edging towards the energy transition, policy framework needs to support to build a green hydrogen economy. Analyse (200 Words)
Refer - Financial Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· Council on Energy, Environment and Water estimates hydrogen demand in India to reach 1 million tonnes by 2030, a $44 billion investment opportunity.
· International Energy Agency estimates that global demand would be 200 MT by then. India could produce green hydrogen for export markets.
· India should consider sponsoring a Global Green Hydrogen Alliance, along with other leading hydrogen countries, as a multi-country, multi-institutional network to assess, develop and design affordable green hydrogen technologies that can be deployed at scale.
· Policy must nudge end-use sectors on green hydrogen. Upstream facilities would struggle if downstream end-use sectors don’t signal sufficient demand.
· Increasing use of open access power purchases would ensure round-the-clock renewable electricity supply to the electrolysers.
· It would also enable use of distributed renewable power to produce hydrogen with lower carbon footprint than with coal-based power.
· Boilers, furnaces and (cement, sponge iron) kilns in heavy industries would have to be retrofitted to absorb varying blends of hydrogen and natural gas.
· Blended finance would be necessary. While private sector is showing willingness to build manufacturing facilities, public funds must underwrite R&D investments and pilot projects.
· Adani Enterprises declared a collaboration with Italian conglomerate Maire Tecnimont, to develop green hydrogen projects in India.
· ACME, another Indian company, has commissioned a plant in Rajasthan to produce green hydrogen and green ammonia with plans for a larger facility in Oman.
