India sets targets for green hydrogen use by some industries
Notable because
This development comes with the approval of India’s National Green Hydrogen Mission by the Union Cabinet. The targets for green hydrogen consumption can kick-start the deep decarbonisation of India’s industrial sector, which accounts for approximately 20 per cent of the national greenhouse gas emissions. Decarbonising the sector by 2070 to align it with the national net zero target requires investments of USD 1.5 trillion over the next 50 years.
What to look out for in the months ahead
(a) What do the targets actually look like (notification expected 2023–24)?
(b) How stringently will they be enforced? In the case of renewable energy purchase obligations (RPO), we have seen many instances in the past where discoms (the primary obligated entities) have managed to circumvent their obligations.