General – Hydrogen
Germany’s Minister of Economic and Climate Affairs Robert Habeck and his Indian counterpart R.K. Singh have signed an agreement on German-Indian hydrogen cooperation following multiple rounds of consultations.
While gaining independence from Russian bicarbonate fuels is underway, the Germans have turned towards importing a new kind of molecule to fuel their industry and chemical processes: green hydrogen, created by splitting water into hydrogen and oxygen through electrolysis.
“The expansion of green hydrogen production and application will serve the common long-term goal of driving the ramp-up of green hydrogen, making it commercially viable,” explained Habeck.
Ensuring the ramp-up of green hydrogen production and applications has also become one of the missions of Habeck’s colleague, Foreign Minister Annalena Baerbock, who had been championing a concept of ‘hydrogen diplomacy’ in parallel with more in-depth energy partnerships administered by the foreign and economy ministry.
“As part of our energy partnership with India, we have agreed to work together in more depth on developing innovative solutions for sustainable green hydrogen production. An important milestone in reducing our dependence on fossil fuels,” he added.
In 2021, India’s Prime Minister Narendra Modi announced his intention to make India a “Global Hub” for green hydrogen.
With India’s large population and its emissions expected to increase, the global climate finance drive could be a business opportunity for India. In exchange for aggressively lowering its emissions, India would be able to compete in the global renewables and hydrogen markets.
