EEX, IGX, and GIZ partner to develop hydrogen trading market in India
Author: PPD Team Date: October 17, 2024
The European Energy Exchange (EEX), Indian Gas Exchange (IGX), and GIZ (Gesellschaft für Internationale Zusammenarbeit) have signed an agreement to establish a hydrogen trading market in India.
This initiative is part of the International Hydrogen Ramp-Up (H2Uppp) program, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). The program aims to support green hydrogen projects in emerging markets like India.
The partnership will initially focus on gathering market insights and building a community of stakeholders across the hydrogen value chain, including production, trading, transport, and consumption.
Policymakers and regulators will also be involved in shaping an action plan that could lead to the introduction of a hydrogen index and trading services in India.