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.