The Energy and Resources Institute (TERI) has unveiled a comprehensive policy brief titled "Green Hydrogen – Path to Decarbonization.
presenting a detailed roadmap to bolster India's green hydrogen mission and align with its carbon neutrality goals. Emphasizing innovation, competitive procurement, and government-backed initiatives, TERI’s report explores the multiple hurdles and opportunities in building a sustainable green hydrogen ecosystem in india.
In a significant observation, TERI points out that while green hydrogen can play a pivotal role in India’s decarbonization efforts, it remains costly compared to conventional fossil fuels. “Green hydrogen is significantly
more expensive than the fossil fuel it aims to replace, but implementing pilot projects early on can help stimulate demand in downstream sectors,” the report notes.
This high cost has stymied market demand,yet TERI argues that competitive procurement and targeted pilot projects could address both cost and demand gaps, enabling India to become a leader in green hydrogen production.
TERI’s policy brief emphasizes the importance of creating a competitive green hydrogen market in India, driven by innovation and cost reduction through competitive procurement.
Pointing to India’s experience in the solar sector, where structured bidding processes helped establish one of the world’s lowest solar prices, TERI envisions a similar path for green hydroge The proposed approach involves developing a Special Purpose Vehicle (SPV),modelled on the Solar Energy Corporation of India (SECI), to oversee competitive procurement of green hydrogen and support emerging pilot projects.