Indian Economy News

India showcases its green hydrogen potential at the World Hydrogen Summit 2024 in the Netherlands

India's inaugural participation at the World Hydrogen Summit 2024 in Rotterdam marks a significant milestone, with the Ministry of New and Renewable Energy orchestrating one of the largest pavilions. This global event, hosting around 15,000 delegates, provides India with a platform to showcase its advancements in green hydrogen technology and engage in crucial discussions with stakeholders from across the world.

At the heart of India's presence is the National Green Hydrogen Mission, launched in 2023 with an investment of US$ 2.36 billion (Rs. 19,744 crore), aiming to achieve a production capacity of 5 million tonnes by 2030. This initiative aligns with India's broader energy transition goals, outlined in the "Panchamrit" pledge at COP26, which include ambitious targets such as reaching 500 GW of non-fossil electricity capacity and attaining net-zero emissions by 2070. With non-fossil energy sources already contributing approximately 44% to India's energy mix, there's a robust anticipation for this figure to rise to 65% by 2030, surpassing earlier commitments.

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