Gautam Adani, chairman of Adani Group, feels that green hydrogen is a critical tackle for a sustainable and zero-carbon future, particularly in countries such as India.
In a blog post on the World Economic Forum web page, he highlighted India's need to shift directly to renewables and green hydrogen rather than substituting one fossil fuel with another.
Adani said that the lower prices of solar energy may be matched with green hydrogen, assisting India in achieving energy security and improving urban air quality. Furthermore, the transition to green hydrogen can help to improve food security by stabilizing ammonia prices, which are an important component in fertilizers. Most importantly, it offers a global opportunity to mitigate the negative effects of climate change.
Adani Group is investing $50 billion in green hydrogen projects over the next decade, with the first facility in Gujarat expected to begin production in fiscal year 2027. Green hydrogen, as a clean fuel and zero-emission industrial feedstock, requires a decrease in production costs, similar to renewables, to function efficiently. Adani sees green hydrogen as a domestic possibility for India, potentially lowering its reliance on costly energy imports.
Adani underlines the need to lower manufacturing costs for widespread adoption and sees green hydrogen as the key to achieving global carbon neutrality. He noted that hydrogen's promise as an energy storage medium may be fully realized through widespread adoption, underscoring the necessity for a faster reduction in production costs than renewables in order to make it economically feasible.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
