India hosted a two-day summit on Green Hydrogen initiatives involving the BRICS nations. The event was anchored by NTPC Ltd. The virtual summit brought the best brains, policymakers and major stakeholders from the BRICS nations deliberating and discussing at length the future of hydrogen in the energy mix.
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’. It has no carbon footprint. This gives hydrogen the edge over other fuels to unlock various avenues of green usage. The summit aimed to address the challenges in terms of technology, efficiency, financial viability and scaling up.
Green hydrogen blending up to 10 per cent 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.