Green hydrogen is seen to be the next thing in the sustainability revolution. Indian companies are rushing for the production of hydrogen and making their equipment hydrogen friendly. Private players like Reliance Industries and Adani are also moving in the direction of hydrogen manufacturing. Large amount of capital investment and change in government policy has resulted in several PSUs rushing to procure the technology necessary for proliferation of green hydrogen and setting up electrolysers, these include GAIL, IOCL, NTPC.
The South Korean government will supply 27.9 million tons of hydrogen annually as 100 percent clean hydrogen by 2050. The ‘1st Basic Hydrogen Economy Implement Plan’ was announced by the government in November last year. The government is planning to convert already existing hydrogen plants to clean hydrogen plants, aiming to produce 750,000 tons of green hydrogen by 2030 and 2 million tons by 2050.
According to a new report titled ‘ G20 People’s climate Vote 2021’ published by the United Nations Development Programme (UNDP) states that about 67% per cent of the total population of India aged under 18 consider climate change as a global emergency and are expressive about the urgent need for the actions and policies to mitigate the climate change.
Exxon Mobil Corp, an American multinational oil and gas corporation has announced that it will cut down the carbon emissions within its global operations and will achieve the net-zero target by 2050.
According to new research conducted by the University of Hawaii’s Pacific Biosciences Research Center, the sixth mass extinction of the wildlife species living on land and in freshwater has ‘probably started’.
India’s one of the largest renewable energy independent power producers ReNew Energy Global Plc has announced a collaboration with a U.S based firm to develop the energy storage batteries in the country.
Dell has teamed up with Intel to produce Concept Luna which claims to have a sustainable design to have reduced carbon output and electronic waste.
A new hydrogen development and carbon sequestration company, Lapis Energy has recently received private equity funding to launch low carbon and clean hydrogen projects across the globe
The Union Budget 2022 is expected to present efficient financial incentives and provisions for the renewable sector
Vietnam has revised its environmental laws and set an example for a governance based on a circular economy.