Europe's second-largest port, Antwerp-Bruges, is intensifying efforts to increase Indian exports and become a green hydrogen import hub, despite a recent decline in cargo volumes between India and the port. Officials are investigating the reasons for this trend.
Tokyo Governor Yuriko Koike called for international collaboration on green hydrogen technology, urging startups, SMEs, and local governments in Japan, Europe, and Kazakhstan to share best practices and capital to overcome production costs and infrastructure challenges.
PM Narendra Modi emphasized enhanced India-Netherlands cooperation in resilient supply chains and green hydrogen during an address to the Indian diaspora in The Hague. He highlighted India's digital and tech advancements amidst global crises.
The surge in oil and gas prices caused by the Iran conflict has significantly narrowed the cost disparity between green and grey hydrogen, potentially accelerating the adoption of clean fuel across Asia.
China and India are aggressively investing billions into green hydrogen production to secure energy independence and industrial dominance, contrasting with a cooling interest in the West. Both nations are utilizing subsidies and state-led planning to drive down costs.
China and India are aggressively investing billions to build massive green hydrogen production capacity, with China deploying $3.7 billion last year and India committing $2.1 billion in subsidies. China aims to preserve its industrial dominance in hydrogen as the industry shifts to cleaner energy, targeting 2.6 million tons annually by 2031. India, motivated by energy security, aims for 5 million tons by 2030—five times the current global market size—leveraging subsidies, offtake guarantees and reverse auctions to drive down costs to around $3 per kilogram.
