Energy independence through hydrogen
India’s Green Hydrogen Policy released on February 17, 2022 has addressed several critical challenges such as open access, waiver of interstate transmission charges, banking, timebound clearances, etc., and is expected to further boost India’s energy transition.
India’s Energy Consumption
- Present Scenarios- India’s per capita energy consumption is about onethird of the global average and onetwelfth of the U.S.
- Future prospects- Increasing growth and economic prosperity would significantly increase India’s energy appetite furthering import dependence.
- Global Volatility-The RussiaUkraine crisis and the rollercoaster ride of energy prices from historic lows in 2020 to record highs in 2021, could pose a serious threat to our energy security, accentuating an unequivocal need to strive for energy independence.