Perhaps, among the most important days of the COP27summit is Energy Day. Most issues that relate to sustainability are linked with energy. “Green hydrogen” regulations and policies are pondered over and act as a catalyst in the production sources that result in sustainability. Energy Day is important as it marks how the world and its economy will make transitions from depending on fossil fuels to “green fuels”. The transformation to green hydrogen and fuels which are renewable has begun, but this, like other transitions to sustainable processes, takes time. It clearly needs to be sped up and only technology can do this. A great solution is to create hydrogen hubs, areas in which many transport, industrial and energy markets can co-exist with shared infrastructure. The aim of all the COPs, and mainly of COP27, is to turn the world into a renewable fuels-reliant economy.
The very idea of hydrogen hubs in which several aspects of industry and economic activity share the cost of infrastructure by delivering hydrogen to clients, is not only good to cut down costs, it also limits the use of hydrogen, as when it is shared, it is not likely to be overused by a single entity. Hydrogen hubs go a long way in bringing down the use of hydrogen. This is climate and energy action in action. Furthermore, the development of green hydrogen and subsequent value chains yields economic value. This can, in turn, create jobs and bring down global emission levels.
Action in Force
Green hydrogen and its derivatives like green ammonia and other e-fuels used in hydrogen hubs can be effective in reducing hydrogen in its pure form overall. The primary concern of COP27 is to get large continents like Africa to adopt these practices urgently. This is critical as countries all over the continent face emissions in the fields of transport and industry, especially in heavy industry like aviation, shipping and heavy land transportation. The only way to deal with these problems is to get policy makers, financial leaders and technology experts together to brainstorm and come up with ways to enforce practices. There are developments in the field, but these require scaling up and evaluations to move ahead.
Several companies in India are paving the way towards green hydrogen and its role in industry and other sectors. A stand-out company is ReNew, headed by Sumant Sinha. The company, seeking to reach its business goals while providing sustainable solutions for the future in terms of green hydrogen, is an example to follow. Among ambitious aims, the company has the goal of net zero emissions by 2040, a goal which the Indian government may be hoping to achieve too. By setting up hydrogen hubs, ReNew Power Pvt Ltd. seeks opportunities to establish these locally and abroad.
The Chairman and CEO, Sumant, claims that green hydrogen is touted to become an international basis of business and one that will be traded in the future. As a result of this, Sumant aims to tap into native and overseas markets. At the moment, Sumant states that discussions with various takers are on and green hydrogen appears to be in demand.
Recipes for Sustainable Success
In tapping the prospects for green hydrogen, many Indian companies are following a focused aim of reducing emissions and fast. This aim is realised by making green hydrogen. Green hydrogen is created by the breakdown of water by means of electricity from sources that are renewable. This is vital for decarbonisation of heavy industries. Making large investments in the value chain of green hydrogen, Mukesh Ambani and Gautam Adani, two Indian conglomerate giants, the dream of green hydrogen is likely to come true for India. Of course, it helps that this effort is spurred on by Prime Minister, Narendra Modi’s vision for a cleaner India and perhaps, a cleaner world.
Going Green with Gusto
The Government of India has set immensely aggressive targets in going green. With companies like ReNew signing deals with African countries like Egypt to aid in going green, targets may seem realistic. This is only going to do good.