Development of green hydrogen corridors necessary for promotion

The NITI Aayog, the apex public policy think tank, its report on ‘Harnessing Green Hydrogen – Opportunities for Deep Decarbonisation in India’, said that the country needs to form Green Hydrogen Corridors (GHC).

The apex body also said that governments can look at providing grants to startups as well as support entrepreneurs to promote green hydrogen.

It has suggested that there is a need to facilitate investment through demand aggregation and dollar-based bidding for green hydrogen.

In its report the apex body said that the government can use public procurement and purchase incentives to create demand in niche markets and crowd in private investment.

NITI Aayog also said that promotion of export of green hydrogen and green hydrogen-embedded products through a global hydrogen alliance should be initiated by the government.

By 2050, the hydrogen demand in India could grow more than four-fold, reprepresenting almost 10 per cent of global hydrogen demand, said the report.