India's Green Shipping Revolution: A Push Towards Renewable Energy and Net Zero Emissions
Key Ideas
  • India aims to convert all coastal and inland waterways shipping to renewable energy within five years, with a target of achieving net zero carbon emissions by 2070.
  • The country's current share of renewable energy at major ports is less than 10%, but plans to add 5,000 new vessels in the next decade to boost capacity.
  • Recent initiatives include launching the first Indian-made hydrogen-run ferry and plans to develop green energy vessels using solar power and batteries.
  • To achieve its goals, India is setting up a Maritime Development Fund and building green hydrogen hubs at three ports, targeting 5 million metric tons of green hydrogen production by 2030.
India is embarking on a transformative journey towards greener shipping practices, aiming to convert all its coastal and inland waterways shipping to renewable energy sources in the next five years. With a vision to achieve net zero carbon emissions by 2070, the country plans to overhaul its maritime industry. Currently, India's renewable energy share at major ports is below 10%, prompting the government to push for this significant transition. Additionally, the nation is eyeing an expansion in its vessel capacity, with intentions to add 5,000 new vessels over the next ten years. Prime Minister Modi recently inaugurated the first hydrogen-run ferry of Indian origin, marking a milestone in the adoption of green technologies within the maritime sector. Furthermore, renowned shipbuilding company Garden Reach Shipbuilders & Engineers has announced plans to develop environmentally friendly vessels powered by solar energy and batteries. These efforts align with global sustainability goals, as the shipping industry accounts for about 3% of the world's CO2 emissions. India's initiatives to reduce its carbon footprint will contribute to the International Maritime Organization's objective of cutting greenhouse gas emissions from ships by 50% from 2008 levels by 2050. To enhance its shipping infrastructure, India is establishing a Maritime Development Fund to support the construction of green vessels and eco-friendly ports. The country also envisions creating green hydrogen hubs at key ports like Kandla, Thoothukudi, and Paradip, with a target of producing 5 million metric tons of green hydrogen annually by 2030. These strategic steps underscore India's commitment to sustainable shipping practices and align with its broader climate action goals.
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