India is at a crossroads. While its commitment to a zero-net-emissions future net-zero emissions future is firm, the reality could be very different if it does not accelerate the adoption of green hydrogen technologies. green hydrogen. According to a recent analysis by S&P Global, the country could take up to a decade longer to reach its 2030 climate goals unless these key energy solutions are developed more quickly.
Green hydrogen, considered a key component for decarbonization decarbonizationfaces major challenges in terms of scale and competitiveness. Although India has launched important initiatives, such as the Production Linked Incentives (PLI) program, experts warn that current progress is not sufficient to meet the ambitious target of zero net emissions by the deadline.
A costly delay
The transition to renewable energy sources renewable energy sources in India has shown significant progress, especially in sectors such as solar and wind power. wind. However, dependence on coal remains a major obstacle. While this hydrogen has the potential to be a clean solution for industry and transportation, lack of adequate infrastructure and high costs are delaying its mass adoption.
Green hydrogen is not only vital to replace the use of fossil fuels, it is also vital to fossil fuelsbut can also play a crucial role in reducing emissions from industries that are difficult to decarbonize, such as steel manufacturing. steel and cement and cement manufacturing. Indiawith a growing demand for energy, needs to move at a faster pace in implementing these technologies to remain competitive in the global clean energy market.
Reforms needed to achieve net zero emissions
To avoid this potential delay, India must invest significantly in green hydrogen infrastructure and encourage collaboration between the public and private sectors. In addition, it is essential that the government implement policies that facilitate the adoption of this technology, as well as financial incentives that reduce the cost of production and storage.
As other countries move toward low-emission economies, India faces pressure to accelerate its own energy transition. Without faster development of the green hydrogen economy, the country could not only fall behind in its climate goals, but also in its industrial and economic competitiveness.
Follow us on social networks and don’t miss any of our publications!
YouTube LinkedIn Facebook Instagram X
Source: S&P Global
Photo: shutterstock
Loading...
