Kerala Green Hydrogen Valley Project Garnering Global Recognition
Key Ideas
- The World Economic Forum recognized the Kerala Green Hydrogen Valley project as a leading global industrial cluster for decarbonisation efforts, emphasizing a shift towards green energy.
- The project aims to reduce carbon emissions in critical sectors, such as transportation, with a focus on fostering investments in various areas like refineries, fertilizers, and water transport.
- Investors at Davos showed keen interest in investing in Kerala, particularly focusing on the state's new industrial policy, which highlights responsible business practices and sustainable development.
- The state is actively promoting green initiatives like the Green Hydrogen Policy, solarisation of buildings, and exploring opportunities for exporting green ammonia, showcasing a commitment to clean energy solutions.
The Kerala Green Hydrogen Valley project, championed by Industries Minister P Rajeeve, received international recognition at the World Economic Forum in Davos. The project is designed to drive decarbonisation efforts across critical sectors, with a strong emphasis on reducing carbon emissions in transportation, a key contributor to the state's CO2 output. With a focus on industries like refineries, fertilisers, and water transport, the project aims to meet the growing demand for green hydrogen in Kerala. Aiming to attract investments, around $1.2 billion worth of proposals are being evaluated. The success at Davos paved the way for further engagements with investors and businesses, showcasing Kerala's commitment to sustainable business practices and green energy. As part of these efforts, the state is gearing up for the Invest Kerala Summit and has prioritised sectors like logistics, renewable energy, and knowledge-based industries for investment. The initiative also includes innovative approaches like land pooling to facilitate industrial development. The state's Chief Secretary highlighted the draft Green Hydrogen Policy, underscoring Kerala's progress in solarisation and plans to integrate hydrogen into the gas network and transport systems. The enthusiasm among investors for research and development projects indicates a growing interest in clean energy solutions and sustainable practices.
Topics
Policy
Projects
Renewable Energy
Investment
Decarbonisation
Logistics
Export
Industrial Clusters
Solarisation
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