NITI Aayog stresses on setting up of Green Hydrogen Corridor
NITI Aayog has released a report titled “Harnessing Green Hydrogen: Opportunities for Deep De-carbonization in India”.
Key findings of the report:
- Demand: The demand for hydrogen in India is expected to increase by more than four times by the year 2050. This would be equivalent to about 10% of the global demand.
- Industrial de-carbonization: Green hydrogen is important for the de-carbonization of sectors such as fertilizers, refining, methanol, maritime shipping, iron and steel and transportation. Carbonizing in these areas is a difficult task due to technical constraints and cost-effectiveness. Green hydrogen could result in a cumulative reduction of 3.6 Gigatonnes of CO2 emissions by the year 2050.
- Manufacturing and Exporting: Green hydrogen is a globally competitive industry. This could boost exports of Green Hydrogen and Hydrogen Embedded Low Carbon Products such as Green Ammonia and Green Steel. With this, 95 Gigawatts (GW) of electrolysis capacity can also be achieved in the country by 2030.
Source – The Hindu