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.
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