Banking service chronicle

Banking service chronicle

Banking service chronicle published this article page no 26 india has set a goal to achieve net-zero emissions by 2070 a shift towards renewable energy sources is necessary to reduce reliance on fossil fuels as the countrys demand for energy and resources grows green hydrogen (gh2) is a promising renewable energy carrier that can play a vital role in indias low-carbon and self-reliant economic pathways gh2 is produced through the electrolysis of water powered by renewable energy and is renewable and carbon-free gh2 is versatile and can be used as a combustion fuel as feedstock for industrial processes and converted back into electricity in a fuel cell gh2 can be more easily stored and transported over long distances compared to grid renewable electricity the national green hydrogen mission aims to make india the global hub for production usage and export of green hydrogen and its derivatives the mission aims to build capabilities to produce at least 5 million metric tonne (mmt) of green hydrogen per annum by 2030 with the potential to reach 10 mmt per annum with growth of export markets sourcing green hydrogen currently involves significant costs but the costs of production are expected to decrease as the sector evolves Banking service chronicle magazine subscription.

Banking service chronicle