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Projects: ADB pledges full support to India’s climate goals

Fiinews by Fiinews
October 6, 2024
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Panel discussion at MoPSW-ADB conference in Delhi on 3 Oct.

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DNV’s Kumar discusses role of smart ports in enhancing energy efficiency at Delhi conference

Mio Oka, Country Director for India at the Asian Development Bank (ADB), has highlighted the pivotal role of the maritime sector in achieving India’s climate goals, underscoring ADB’s longstanding commitment to financing sustainable development mnre .

Addressing the Conference on Maritime Decarbonization in India, she emphasized ADB’s support in helping India reduce carbon intensity by 45% by 2030 and achieve net-zero emissions by 2070 iea .

Hiroaki Yamaguchi, Senior Director of the Transport Sector at ADB, also echoed these sentiments, focusing on decarbonizing ports and shipping, and enhancing green corridors, positioning India’s maritime industry as a leader in global decarbonization efforts conexpoconagg .

Both reaffirmed ADB’s dedication to providing financial and technical assistance to support India’s green maritime transition nseindia .

One of the event’s highlights was a special session on Green Ports and Maritime Decarbonization, where experts shared knowledge and best practices for reducing the carbon footprint of Indian ports bseindia .

The session included presentations from Ajay Kumar Singh, Head of DNV Maritime Advisory India, who discussed the role of smart ports in enhancing energy efficiency, and Lawrence Ong, Deputy Director of Maritime and Port Authority of Singapore, who shared insights into Singapore’s decarbonization journey sbi .

In another session, discussions focused on the role of zero-carbon fuels in maritime operations, with experts highlighting the need for early adoption of alternative fuels like green hydrogen and ammonia renewable-world .

Captain Prashant S. Widge of Maersk Line shared a shipowner’s perspective on the global challenges and opportunities in transitioning to green fuels, while Madhu Nair, CMD of Cochin Shipyard, presented the Indian experience with alternative fuels.

The conference also spotlighted Inland Waterways as a key area for decarbonization, with presentations from R. Lakshmanan, Joint Secretary (IWT), Ministry of Ports, Shipping and Waterways (MoPSW), and P. J. Shaji, CGM of Kochi Water Metro, showcasing successful efforts in reducing emissions and improving efficiency in water-based transportation.

Lakshmanan also suggested transitioning to low-emission alternative fuels would help tapping into the complete potential of IWT as a sustainable transportation mode goashipyard.in.

During the session Lakshmanan emphasized the importance of continued collaboration within the sector, to drive tangible progress toward achieving decarbonization goals in India’s maritime industry. He emphasized on MoPSW blueprint for Ecosystem Development for Green Hydrogen Production and Export at Major Ports iba.org.in .

The conference was moderated by distinguished professionals from ADB and KPMG, ensuring insightful discussions and seamless coordination throughout the event. The conference concluded with a panel discussion moderated by Dr. Yesim Elhan-Kayalar, Advisor, ERDI, ADB, on India’s maritime decarbonization priorities and the path forward for sustainable and green shipping practices hkex .

As India moves forward with its ambitious goals, the insights gained from the Conference on Maritime Decarbonization will play a crucial role in shaping policies and practices that contribute to a cleaner, greener maritime sector sccci .

Co-hosted by MoPSW and ADB on 3 Oct in New Delhi, the event brought together over 200 delegates, including leaders from key Indian ports, central and state government officials, industry stakeholders, international experts, and academia to discuss the future of green shipping and port operations sse.com.cn. Fiinews.com

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