Green Hydrogen's Moment of Truth?
India uses over 7 million tonnes of hydrogen a year, almost all of it from fossil-fuel sources. Green hydrogen is a fraction of one percent of that total, over two years into the National Green Hydrogen Mission, making the Mission's FY30 target of 5MMT of green hydrogen very challenging. The right policy intervention can change this, said India Hydrogen Alliance (IH2A)'s Prasanto Kumar Roy in his opening keynote at the Conference on Green Hydrogen in India on April 22 in New Delhi.
A mere 1-2% GH2 mandate for the Petroleum and Fertilizer sectors would move the needle immediately, and a 5% mandate could transform India's decarbonization journey.
Hydrogen Purchase Obligations (HPOs) could do to the green hydrogen economy what RPOs did for the solar industry, and help unlock the $4–5 billion in funding on the table from multilaterals like European Investment Bank (EIB) and The World Bank, to support the growth of India’s green hydrogen sector.