Green hydrogen to play vital role in cross-sectoral decarbonisation
Creating policy mechanisms and regulatory frameworks along with establishing collaborations between countries, could accelerate a green hydrogen ecosystem, says Bhupinder Singh Bhalla, Secretary, Ministry of New and Renewable Energy (MNRE).
“Developing consensus on a common framework for hydrogen certification would be extremely critical to enable global hydrogen trade,” he said on the side-lines of the second Energy Transition Working Group meeting.
“Achieving this will be of paramount importance as part of G20 deliberations and discussions,” added Bhalla at the MNRE hosted “Green Hydrogen – Advancing Net-Zero Pathways”.
Madhav Pai, Interim CEO & Program Executive Director – Sustainable Cities & Transport, WRI India, elaborated, “Green hydrogen is poised to play a vital role in the cross-sectoral decarbonisation of hard-to-abate sectors and is therefore a crucial element for a sustainable, low-carbon future.
“There exist unique prospects for the world’s leading economies to engage in cooperative and collaborative efforts critical for addressing economic and technical challenges and building a resilient global hydrogen value chain.”
Giving a global perspective on green hydrogen, Gauri Singh – Deputy Director General, IRENA, added that said about 100 MTs of hydrogen is produced globally, and 98% of that comes from fossil fuels as of now.
The world’s current power consumption, 21,000 TWh, must be generated six times over to switch to a “green hydrogen economy, she said.
The growing efforts to diversify and advance the fuel basket will not only result in environmental benefits but would also be accompanied by energy security and reduced import dependency, said the Ministry in a release on 2 Apr 2023.
To meet clean energy transition objectives, G20 nations will require adoption of multi-pronged strategies which should include renewable energy, green hydrogen, and its derivatives.
Substantive and coordinated global efforts are required to position green hydrogen as a key lever for energy transition, especially for hard-to-abate industrial sectors, long haul and heavy transport (including aviation and shipping), and other potential applications including heating and energy storage.
The side event, conducted in partnership with Solar Energy Corporation of India (SECI) and International Solar Alliance (ISA) with World Resources Institute India (WRI India) as knowledge partner, saw active participation by international research organizations, industry participants, regulatory bodies and other key stakeholders.
The discussions were centred around policy, regulatory, and financial frameworks to accelerate the deployment of green hydrogen and promote cooperation amongst G20 nations.
The event also featured an exhibition where India’s first H2 Internal Combustion Engine (ICE) truck was displayed. fiinews.com
