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India will launch the National Hydrogen Energy Mission (NHEM) in 2021-22, Finance Minister Nirmala Sitharaman stated in her budget speech on February 1. Considering India’s 175 GW target of RE capacity by 2022 and 450 GW by 2030, it is imperative that our energy grid involves other green technologies on a medium-to-long-term basis. The NHEM will help India lower its emission intensity by 33-35% from the 2005 levels by 2030, another Nationally-Determined Contributions (NDC) target under the Paris Agreement.
Today, climate concerns and simultaneously increasing focus on zero-carbon renewable energy globally, has made hydrogen-based energy sources more relevant than ever. Stricter carbon abatement regulations have also pushed hydrogen producers to move away from conventional fossil fuels to green power sources, like wind, solar, biomass, hydro-electric power, ETC. In this global context, it is crucial for India to get ahead in the race of new and upcoming green technologies and become self-reliant. Being an early adopter of hydrogen energy technology will pay off in the long-term, given hydrogen’s cross-sectoral sustainability.
Through a series of workshops and webinars, WRI India will discuss with relevant stakeholders on policy drivers, production targets and strategies, global role in the supply chain and early pilots to turn India into a Hydrogen economy.