Evaluating cost competitiveness of hydrogen production in India

Policy and economic forces are converging to create unprecedented momentum in the hydrogen sector, paving the way for rapid deployment of and investment in hydrogen technologies. A growing number of societal actors – from youth activists to scientists to concerned consumers – are pushing for stronger policy action to more drastically limit carbon emissions. Climate change requires urgent attention: if we continue to emit CO2 at current levels, we have only ten years remaining in the global carbon budget before we breach the 1.5-degree Celsius threshold, emphasizing the need for immediate action. Governments are responding with increasingly ambitious decarbonization targets.

At the time of the 2019 UN Climate Summit, 66 countries had announced their intent to meet net-zero carbon emissions targets by 2050. In the EU, regulation includes potential fines for failure to meet targets, and a Green Deal was recently announced to support the net-zero emissions target. In the US, 25 states formed the bipartisan United States Climate Alliance with a collective commitment to reduce greenhouse gas (GHG) emissions by at least 26 to 28 per cent below 2005 levels by 2025. China has made considerable progress towards its climate policy goals of reaching peak emissions by 2030 and meeting its target of 20 per cent of primary energy demand from non-fossil fuel sources with continued investment in sustainable technologies.