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Green Hydrogen will Play Key Role in Energy Transition and Can Reduce over $160 Bn worth of Import for India: Dr Mashelkar
Green hydrogen will play a key role in the energy transition and it can reduce over USD 160 billion worth of imports for India, said Padma Vibhushan, Dr. R.A Mashelkar.
Countries like USA, Australia, India and Japan have decided to cooperate development for the clean hydrogen value chain, he added.
Leading scientist and innovation evangelist, Dr. R.A Mashelkar, Chief Guest on day 3 of IEEMA’s Digielec Bharat 2021, addressed a special session. He shared his vision on the Green Hydrogen driven green revolution in India.
Speaking on the occasion, he articulated that, “there has been an exponential growth in Hydrogen deployment globally. Green hydrogen has moved from hype to hope and there are 359 large-scale H2 projects announced and estimated investment worth USD 510 bn by 2030. 75+ countries have net-zero carbon ambition and 31 countries have already implemented the strategies. I believe policies should be made considering the carbon impact, complexity of hydrogen infrastructure investment and future changes to carbon pricing or import taxes, once subsidies are phased out to ensure competitiveness to existing conventional fuel.”
“Green Hydrogen is a disruptive game-changer that can lead to innovation led exponential growth — India should Pole Vault to it, not Leap Frog,” he further added.
He also cited steps required going forward and mentioned, “Graded market development for hydrogen will encourage private sector investment through competitive bidding. Also, a framework for incentives and alignment with Make in India and AatmNirbhar Bharat needs to be developed with specific zones (H2 Hub) and Grid balancing. Technology should be supported by Bold Policy decisions, patient capital and public-private partnerships.”
Dr. Mashelkar concluded his session by stating, “I am dangerously optimistic about India. Talent, Technology and Trust will help our Nation become a world leader in affordable excellence.”
Vipul Ray, President, IEEMA, expressed, “Digielec Bharat is a culmination of Digitization, Standardization & Indianisation, taking forward the clarion call of Hon’ble Prime Minister on AatmNirbhar Bharat. Going Forward Hydrogen will play a very critical role in shaping the power sector globally.”
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