China, India Green Hydrogen Push

China and India are making substantial investments in green hydrogen, a clean energy source. China invested $3.7 billion last year, with projects like Envision Group's $2 billion Chifeng facility, aiming to maintain its energy dominance. India, driven by energy security, has committed $2.1 billion in subsidies and targets 5 million metric tons of green hydrogen annually by 2030, five times the current global market. This aggressive push by both nations contrasts with the West's scaled-back ambitions due to cost constraints. India's National Green Hydrogen Mission involves industrial heavyweights such as Larsen & Toubro, Bharat Petroleum, GAIL (India), and Steel, and has already seen significant offtake agreements for green ammonia. Both countries are leveraging state power and private capital to force market existence, reduce costs, and potentially capture a significant portion of the global green hydrogen export market.