Shri Gautam Adani, Chairman, of Adani Group, in his blog for the 54th Annual Meeting of the World Economic Forum (WEF), emphasised the importance of green hydrogen in achieving net zero emissions for countries like India. Mr. Adani’s “Reducing Costs: The Key to Leveraging Green Hydrogen on the Road to Net Zero” outlines the feasibility and potential of green hydrogen as a leading alternative to fossil fuels as the world transitions to a clean and renewable future.
The WEF blog highlights the environmental and developmental benefits of green hydrogen. This demonstrates the viability of green hydrogen as a zero-emissions fuel. Green hydrogen will be the key to achieving global carbon neutrality. Hydrogen is known as a potential energy storage medium because it can produce electricity in fuel cells while emitting only water as waste.
To fully realize its potential, it is widely recommended to take a vertical integration approach by lowering the cost of blog production, implementing various policy support measures, and encompassing the entire supply chain to make green hydrogen economically viable. Only companies with backward integration will be able to provide cost-effective green molecules to the world. For widespread adoption, the cost of producing green hydrogen must be reduced from the current $3-5 per kilogram (kg) to $1/kg.
“For India, the equitable solution is not to replace one fossil fuel with another, but to leapfrog to renewable and green hydrogen,” Mr Adani says, highlighting green hydrogen as an equitable solution. Solar cost savings can be replicated using green hydrogen. This change will help India achieve energy security while also improving air quality in its cities. It will also help to improve food security by removing price uncertainties for imported ammonia, a key ingredient in fertilisers. Most importantly, it will allow the world to avoid the negative effects of climate change.
The blog provides a roadmap for leaders, policymakers, and industry stakeholders to navigate the challenges and opportunities presented by the emerging energy paradigm. It is available to readers interested in gaining a deeper understanding of the role of green hydrogen in shaping tomorrow’s energy landscape.
Adani in Green Hydrogen in Brief:
Adani New Industries Limited (ANIL) of Adani Enterprises Limited (AEL) is working on end-to-end solutions for producing globally competitive green hydrogen and its sustainable derivatives. The first phase of ANIL’s 1 million metric tonnes per annum (MMTPA) green hydrogen project is being implemented in Gujarat. Production in the first phase is expected to begin in fiscal year 2027. Depending on market conditions, ANIL intends to increase green hydrogen capacity to 3 MMTPA over the next ten years with an investment of approximately $50 billion.
