Green Hydrogen, produced using renewable energy, has the potential to play a key role in such low-carbon and self-reliant economic pathways. Green Hydrogen can enable utilization of domestically abundant renewable energy resources across regions, seasons, and sectors, feeding multiple usage streams, either as a fuel or as an industrial feedstock.
It can directly replace fossil fuel derived feedstocks in petroleum refining, fertilizer production, steel manufacturing etc. Hydrogen fuelled long-haul automobiles and marine vessels can enable decarbonisation of the mobility sector.
Green Hydrogen can be particularly useful as a versatile energy carrier for meeting energy requirements of remote geographies, including islands, in a sustainable manner. 2.3 Many major economies have declared Hydrogen strategies as part of the broader climate and clean energy related actions. These national strategies largely seek to tackle the common underlying challenges of scaling up Green Hydrogen production, enhancing Hydrogen use across sectors, developing technologies, and designing enabling policies and regulations. There is clear focus on government funding and support for R&D, measures for demand creation and financial support for manufacturing and infrastructure development.
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