The three-day International Conference on Green Hydrogen (ICGH-2023), was organized during 5th – 7th July 2023 at Vigyan Bhawan, New Delhi by the Government of India.
Key points
- During the conference the Power Minister of India informed that India has over-delivered on its Nationally Determined Contributions target, having achieved 40% of non-fossil electricity target in 2021, 9 years before the target of 2030.
- The Minister informed that 42% of power generation capacity of India today is based on non-fossil-fuels and that it will overachieve the target of 50% capacity from non-fossil fuels by 2030.
- The New & Renewable Energy Minister said that India has begun to emerge as a leader in adopting green hydrogen as well.
- He said that under the National Green Hydrogen Mission, projects have been commenced for setting up 3.5 million tons of green hydrogen manufacturing capacity already.
- Under the National Green Hydrogen Mission, it has been targeted to build capabilities to produce at least 5 Million Metric Tonnes (MMT) of Green Hydrogen per annum by 2030.
- The Mission will support replacement of Hydrogen produced from fossil fuel sources with Green Hydrogen in ammonia production and petroleum refining, blending Green Hydrogen in City Gas Distribution systems, production of steel with Green Hydrogen, and use of Green Hydrogen-derived synthetic fuels (like Green Methanol) to replace fossil fuels in various sectors including mobility, shipping, and perhaps aviation.
- The Minister said that India’s cost of green hydrogen will be the lowest in the world, since the cost of setting up renewable energy capacity in India is the lowest in the world.
- The Minister said that the government has launched an incentive scheme for electrolyser manufacturing and for production of green hydrogen.
- Noting that India is just at the cusp of the growth, the Minister said that India has a huge steel manufacturing capacity, a big mobility market, and in fertilizers and cement, thereby providing big opportunities for green steel, green mobility, green fertilizers and green cement.
