India is strategically positioning itself in the green hydrogen sector with the goal of achieving global dominance and reshaping its energy landscape. The country aims to emerge as a leading exporter of green hydrogen by 2030, as outlined in a report by Alvarez and Marsal. The initiative seeks to reduce reliance on imported liquefied natural gas (LNG) and stimulate domestic GDP growth, aligning with worldwide trends towards sustainable energy sources.
According to forecasts, the global hydrogen market is projected to reach $24-$36 billion by 2030, driven by increasing investments in low-carbon hydrogen production by nations committed to addressing climate change. India, alongside other countries endowed with abundant renewable resources such as Chile, Argentina, Australia, and several Gulf states, is poised to become a significant player in green hydrogen production and exportation.
As reported by ETEnergyworld.com, India’s substantial investments and policy backing for green hydrogen production demonstrate its determination to assume a pivotal role in the global energy arena. By aspiring to lead in green hydrogen, India aims not only for economic advancement but also to make significant contributions to the global fight against climate change, marking a significant stride towards a sustainable, low-carbon future.
