India’s Green Hydrogen Potential: FICCI-EY Report Findings
Why in the news
A joint FICCI and EY study links cost and infrastructure fixes to net-zero goals.
Key facts
- Made by electrolysis of water using renewable energy; zero-emission fuel for steel, fertilisers, mobility and shipping.
- 5 MMT by 2030 needs 125 GW of renewable capacity.
- Pilots: ₹208 crore; 37 hydrogen vehicles; 9 refuelling stations due in 18-24 months.
- Cost is nearly 2x grey hydrogen.
Challenges
- Capex, transmission losses and fossil fuel subsidies.
- Missing pipelines and storage.
- No assured industrial offtake; EU, Japan and South Korea building import hubs.
Recommendations
- Redirect fossil subsidies; mandate use in key sectors.
- Carbon tax and long-term demand contracts.
Exam angle
- Mission year 2023; outlay ₹19,744 crore.
- 2030 goals: 5 MMT, 125 GW.