In reaction to other countries placing limitations/ Retaliatory Restrictions, India would erect obstacles in the trading of green hydrogen, the country’s renewable energy ministry announced at a conference on Wednesday.
India, one of the greatest producers of gases that contribute to global warming, is relying on green hydrogen to reduce its emissions and help it meet its goal of having net-zero carbon emissions by 2070.
“Some nations are creating trade and technological barriers for green hydrogen. At the International Conference on Green Hydrogen, Power and Renewable Energy Minister Mr. R K Singh warned that if they erected barriers, we would do the same, and you would lose out on our market.
According to renewable energy secretary Bhupinder Singh Bhalla, India is already in talks with Germany over the restrictions in its hydrogen purchase deal with the European Union, which Indian industry participants regarded to be onerous.
According to a conference source, the contract, which was issued in December, stipulates that the distance between the hydrogen production facility and the renewable energy plant must be 500 kilometers or fewer.
Singh did not go into detail on potential retaliation difficulties in India. He informed the gathering that arrangements have already been made by Indian businesses to produce 3.5 million tonnes of green hydrogen.
A 174.9 billion rupee incentive program for the fuel, which is produced with renewable energy and doesn’t release greenhouse gases, was approved by New Delhi last year. By 2030, the objective that Prime Minister Narendra Modi has set is to produce 5 million tonnes of green hydrogen.
In a statement made earlier this year, Singh claimed that significant subsidies promised by certain industrialized nations for their green hydrogen industries could disrupt trade and be in breach of WTO rules.
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