- India set to organise two day summit on Green Hydrogen Initiatives involving BRICS nations
India
is all set to host a two day summit on Green Hydrogen initiatives on
22nd June, 2021 involving the BRICS nations. The event
offers a platform to share their respective Green Hydrogen initiatives
and views on how to take it to the next level in their own countries.
The online event will be held via a video conference and will conclude
on 23rd June.
The
event will be anchored by one of the
global energy majors, NTPC Ltd, a Maharatna CPSU under Ministry of
Power. The virtual summit will bring the best brains, policy makers and
major stakeholders from the BRICS nations deliberating and discussing at
length the future of Hydrogen in the energy mix.
On
Day 1, the representatives from each country would be sharing
respective initiatives undertaken by their countries on utilization of
hydrogen and their future plans. The speakers will also share the
relevance of different technologies developed on hydrogen and its
priorities for their country.
Day
2 will witness panel discussions on ideas integrating hydrogen in
overall energy policy framework by different countries. The discussions
to entail financing options for the emerging green hydrogen technologies
and the institutional support needed to create the requisite ecosystem
for the technology to flourish.
As
the world rapidly moves to decarbonise the entire energy system,
hydrogen is poised to play a vital role and build on the rapid scale-up
of renewable resources across the world. Hydrogen when produced by
electrolysis using renewable energy is known as Green Hydrogen which has
no carbon footprint. This gives Hydrogen the edge over other fuels to
unlock various avenues of green usage. However, challenges lie in terms
of technology, efficiency, financial viability and scaling up which the
summit will aim to address.
Green
hydrogen has innumerable applications. Green Chemicals like ammonia and
methanol can directly be utilized in existing applications like
fertilizers, mobility, power, chemicals, shipping etc. Green Hydrogen
blending up to 10% may be adopted in CGD networks to gain widespread
acceptance. Further scaling up with greening of hard to abate sectors
(like steel and cement) through hydrogen is to be explored. Many
countries have brought out their strategies and defined targets and
roadmaps based on their resources and strengths.