Green hydrogen offers Global South countries transformative opportunities for green industrialisation, energy independence, and economic diversification by leveraging their abundant renewable resources to become major exporters in emerging international clean energy markets supporting global decarbonisation.
International standards help to align expectations between producers and consumers in different countries for green hydrogen and its derivative commodities in the global energy, and the use of and adherence to standards can also de-risk investments by enhancing the credibility of project plans.
Ready-to-scale electrolysis technology and favorable market conditions are poised to accelerate the green hydrogen industry.
China wants to be a global leader in hydrogen to provide a pathway to carbon neutrality, reduce its reliance on energy imports. It also sees hydrogen as a pillar of economic growth.
China, the world’s largest emitter of greenhouse gases, is also the largest producer of coal power, steel, ammonia, cars and ships. Green hydrogen can greatly reduce emissions from their manufacture and consumption.
The eighth meeting of the Collaborative Framework on Green Hydrogen addressed the barriers stakeholders face when entering and building up supply chains.
Green hydrogen is predicted to be a leading renewable energy source in the future, but production in Europe must ramp up massively to hit targets.
With a vision to make India an energy-independent nation, and to de-carbonise critical sectors, the government approved the National Green Hydrogen Mission on January 4, 2023 with an initial outlay of Rs 19,744 crore. The mission will facilitate demand creation, production, utilisation and export of green hydrogen and mobilisation of over Rs 8 lakh crore of investments by 2030.
World Energy Transitions Outlook outlines priority actions till 2030 to keep 1.5°C alive; calls on governments to fast-track energy transition for more energy security, resilience, and affordable energy for all.
IRENA says green hydrogen could disrupt global trade and bilateral energy relations, reshaping the positioning of states with new hydrogen exporters and users emerging.
Virtual Assembly to drive an ‘action agenda’ into 2022 and beyond.
