Cement Manufacturers Association (CMA)

15 measures like accelerated depreciation, discounted land, and tax rebates throughout the plant’s life cycle. • Makingmore funds available: Foster investment by ensuring that funds are readily accessible. Indian stakeholders might consider incorporating green hydrogen into the Priority Sector Lending List to expedite the availability of funds. • Adopting a long-term vision: Alleviate long- term risks by adopting a 25-year vision for green hydrogen investments. In India, a model for such extended policies is already in place, exemplified by 20-year power-purchase agreements for renewable energy. Such strategies reduce investment risks associated with capital expenditures by guaranteeing the long-term viability of the technologies involved. • Customer/demand-side mandates: Mitigate the risk of capital investments by establishing demand-side mandates tailored to specific industries. For instance, mandates requiring a percentage of green steel in vehicle manufacturing could secure long- term demand for steel produced using green hydrogen. According to NITI Aayog, the government can guarantee long-term, low-interest financing availability, the start of a working carbon market, and investment facilitation strategies like demand aggregation for early adopters. According to think tank, India’s green hydrogen market would be worth US$8 billion in total by 2030 & US$340 billion in total by 2050. Regulatory Trend of use of Hydrogen in the Mining Industry The regulatory trend of hydrogen in the mining industry is hydrogen adoption strategies across different countries. Hydrogen offers a potential solution to many countries for restructuring their future energy demand as well as decarbonization bids. Several of the world’s largest economies have started to recognize this potential by developing energy strategies that outline the hydrogen economy within their own nations. The plans to realize a hydrogen economy encompass production methods, storage and distribution systems, development of potential sectors that would utilize hydrogen fuel, necessary investment plans, and supporting regulatory framework. Way Forward The mining operations associated with cement & other industries and extracting the essential minerals and part of the modern economy, exemplifies a challenging sector to decarbonize. The machinery is massive and energy-intensive, and transitioning to electric battery systems could potentially hamper productivity due to longer charging times. Thankfully, hydrogen is the solution that mining companies have been looking for. By utilizing hydrogen, companies can keep the heavy machinery functional and productive, so it seems likely that more hydrogen-powered machines and mines will appear in the future, reducing carbon emissions in local mine environments and across the planet. The green hydrogen market in India has yet to have a dedicated statewide network of interconnected hydrogen pipelines. India can draw inspiration from Europe, where a dedicated hydrogen transport network has been established by leveraging its existing gas infrastructure, as seen in the European Hydrogen Backbone project. India has the potential to develop into a hub for the export of green hydrogen derivatives in this environment. Unlike many developed economies, the nation has the advantage of abundant land for the expansion