Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights

IFC Releases Framework to Unlock Green Hydrogen Potential in Emerging Markets

The International Finance Corporation (IFC) has released a new report titled "Unlocking Opportunities: A Framework for Assessing Green Hydrogen Potential in Emerging Markets", aimed at helping policymakers, investors, and developers tap into the transformative potential of green hydrogen. The report emphasizes green hydrogen’s critical role in decarbonizing hard-to-abate sectors like fertilizers, steel, and heavy transport, while also fostering new industrial ecosystems, job creation, and economic resilience.

Despite growing government interest and ambitious national targets, the report notes that actual demand from off-takers remains limited due to high production costs and policy challenges. To bridge this gap, IFC proposes a strategic framework that includes identifying a country’s optimal role for green hydrogen, promoting enabling policies and technologies to reduce costs, fostering cross-border collaboration, and introducing de-risking mechanisms to boost demand.

Key recommendations urge countries to tailor their green hydrogen strategies to their own strengths and market conditions, with a strong focus on enabling environments, private sector engagement, and cohesive regulatory support. The report serves as a practical tool for stakeholders seeking to align their green hydrogen initiatives with broader clean energy and economic development goals.