India’s Green Hydrogen Mission: A Strategic Path to Global Leadership

Authors

  • Sumeet Gupta Dr. Sumeet Gupta Associate Professor Head- Center for Infrastructure & Project Finance, Research and Development Centre College of Management and Economic Studies UNIVERSITY OF PETROLEUM & ENERGY STUDIES Energy Acres ,P.O Bidholi Via - Prem Nagar Dehradun -248007 (Uttarakhand) Ph: 0135- 2776091,2776093,2776095, 2102690, 91, 2694257, 201, 203 Extn: 201, Fax : 0135 - 2694204 Mobile : +91 7895617071,9536220716,9319899684 Email : sumeetgupta@ddn.upes.ac.in, sumeetbgh2007@gmail.com
  • Sneha Sinha

DOI:

https://doi.org/10.1956/jge.v20i4.740

Keywords:

Hydrogen, Energy

Abstract

Green hydrogen has emerged as a key component of the global energy revolution as the world faces an urgent need to tackle climate change and move away from fossil fuels. India, a nation that mainly depends on imported coal and crude oil for its energy needs, is one of the countries set to play a significant part in this transition. In light of mounting worries about environmental sustainability and energy security, India is leading the way in adopting green hydrogen as a crucial element of its larger energy transition plan.

The National Green Hydrogen Mission was introduced by the Indian government in January 2023 with the goal of making the nation a global leader in the production of green hydrogen, with an ambitious target of 5 million tonnes per year by 2030. The country has a great chance to increase the production of green hydrogen and lessen its carbon footprint because to its abundance of renewable energy resources, especially wind and solar power.

Since most of India's hydrogen is now produced using fossil fuels in industries like ammonia manufacture and oil refining, the country's green hydrogen industry is still in its infancy. But the transition to green hydrogen—produced by water electrolysis driven by renewable energy—from grey hydrogen—derived from fossil fuels—is viewed as a game-changer for decarbonising industry and improving energy security.

This case study delves into India’s green hydrogen landscape, exploring the opportunities, challenges, and strategic initiatives driving this transition. By examining the National Green Hydrogen Mission, key industry players, and potential export markets, the study outlines India’s path to becoming a global leader in green hydrogen production and export.

References

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• S. Gupta, A. Bhowmick, U. K, K. Joshi, H. Bhalla and D. Kaushal, "An Experimental Analysis Into Blockchain Cyber Security Attacks," 2023 3rd International Conference on Advance Computing and Innovative Technologies in Engineering (ICACITE), Greater Noida, India, 2023, pp. 417-422, doi: 10.1109/ICACITE57410.2023.10182461.

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• S.Gupta, “Blockchain technology for the financial markets” Intelligent Multimedia Technologies for Financial Risk Management Trends, tools and applications, IET 2023

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• Mishra, Neeti.,Gupta, Sumeet ,” EMPOWERING SUSTAINABLE FINANCE: LEVERAGING BLOCKCHAIN INNOVATION FOR A GREEN BOND MARKET TRANSFORMATION” , Korea review of International Studies, 16(7), pp. 129-141

• Gupta, Sumeet ,” Social Sciences in Management Research: Interdisciplinary Approaches for Sustainable Business Practices” Journal of Informatics Education and Research , 3(2), pp 1716-1726

• Gupta, Sumeet ,” Profitability And Future Viability of LGBI Airport Guwahati with Respect to Both Traffic and Non-Traffic Sources of Revenue ” European Economic Letter ,13(4), pp 1239-1247

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• S. Surya, Sumeet Gupta, Abolfazl Mehbodniya, Jeidy Panduro-Ramirez, Prabhakara Rao Kapula, Tanweer Alam, Karthikeyan Kaliyaperumal, "Addressing the Real World Problem of Managing Wireless Communication Systems Using Explainable AI-Based Models through Correlation Analysis", Mathematical Problems in Engineering, vol. 2022, Article ID 3390075, 6 pages, 2022. https://doi.org/10.1155/2022/3390075, Scopus, WoS

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Published

23.12.2024

How to Cite

Gupta, S. and Sneha Sinha (2024) “India’s Green Hydrogen Mission: A Strategic Path to Global Leadership”, Journal of Global Economy, 20(4), pp. 211–230. doi: 10.1956/jge.v20i4.740.

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Case Study

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