Hydrogen economy

Indian Economy glossary

Topic: Environment and Sustainable Development · NCERT: Beyond NCERT

Meaning

A hydrogen economy is an energy system in which hydrogen plays a major role in place of fossil fuels. It would serve as:

  • a fuel for transport,
  • an industrial input for steel, fertiliser and refining,
  • an energy store that holds surplus renewable power for later use.

Hydrogen is a clean option only if it is produced cleanly, for example as green hydrogen.

Example

India's National Green Hydrogen Mission (January 2023) targets production of 5 MMT (million metric tonnes) of green hydrogen a year by 2030. Its SIGHT programme gives incentives for making electrolysers, the machines that split water into hydrogen, and for producing green hydrogen.

Don't confuse with

  • Green hydrogen: this is one type of hydrogen, made using renewable power. The hydrogen economy is the whole system built around using hydrogen widely.

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