Component 

Target

M – Market Leadership

Capture 10% of global GH2 market by 2030 

A – Abatement of Emissions 

50 MMT CO₂ reduction annually 

P – Powering Production 

Build 5 MMT/annum GH2 capacity 

S – Sustainable Jobs 

Generate 6+ lakh green jobs 

Challenge

Details 

C – Cost 

GH2 costs $4–4.5/kg, higher than grey hydrogen 

A – Access to Capital 

High initial investment in electrolysers & RE 

G – Gaps in Infrastructure 

Lacks transport, storage, refuelling networks 

E – Economic Viability

Absence of carbon pricing undermines GH2 competitiveness 

Measure

Details 

P – Pricing Carbon 

Introduce carbon tax/market 

O – Obligation Mandates 

Enforce GH2 mandates in steel, fertilisers, refining 

W – Widen Infra Base 

Build electrolyser, storage, pipelines, export corridors 

E – Economic Reallocation 

Shift subsidies from fossil fuels, offer incentives/VGF 

R – Risk Pooling 

Aggregate demand to enable secure, bankable contracts and price stability.