The international consensus underscores the urgent need for a substantial reduction in global carbon dioxide (CO2) emissions to mitigate the severe impacts of climate change. The goal is to achieve a 45 percent reduction from 2010 levels by 2030, ultimately reaching net zero by 2050. While commendable efforts are being made globally to address emissions, they fall short of what is required to limit temperature increases to 1.5 degrees Celsius.
Governments worldwide, including India, are investing significant resources in diversifying energy sources to meet growing demands while curbing greenhouse gas (GHG) emissions. Collaboration between governments, businesses, investors, and citizens is crucial for realizing a cleaner and healthier future.
India, in alignment with the COP26 climate conference commitments, pledged to achieve net zero by 2070. This involves substantial investments in clean energy, the decarbonization of the industrial and infrastructure sectors, and leveraging India's human talent pool.
While the government acknowledges the significance of Carbon Capture, Utilization, and Storage (CCUS), its approach appears cautious & NITI Aayog recognizes substantial CCUS potential. The upcoming carbon pricing regime is a positive step, yet additional initiatives are essential. Encouraging the use of captured CO2 in sectors such as fertilizer production and methanol for transportation can serve as strong incentives.
In January 2023, India launched the National Green Hydrogen Mission to boost green hydrogen production, use, and exports. The mission includes financial incentives for domestic manufacturing of electrolysers, green hydrogen production, and support for pilot projects. The allocated budget of INR 197.4 billion (approximately US$2.4 billion) reflects a commitment to fostering green hydrogen hubs and advancing research and development in this critical area. However, the progress towards the required 1 gigatons of CCUS capacity, as outlined in the Net Zero 2050 scenario, remains a concern. Continued efforts and initiatives are essential to meet these ambitious targets and combat the challenges posed by climate change.
This dictates the need for a focused platform to discuss and debate possibilities; show case latest tech and future trends and create a solutions-based roadmap for the energy stakeholders across the globe.
This dictates the need for a focused platform to discuss and debate possibilities; show case latest tech and future trends and create a solutions-based roadmap for the energy stakeholders across the globe.
Presenting 3rd edition of Net Zero Summits, an in-person platform with 2 co-located shows;
