India's Leadership in Renewable Energy and Green Shipping: Union Minister's Address in Germany
Key Ideas
- India has seen a remarkable 175% increase in renewable energy capacity, from 75 GW to over 208 GW since 2014, achieving climate targets ahead of schedule.
- The country aims to be a key player in green shipping, targeting to be among the top five shipbuilding nations by 2047, emphasizing on sustainable maritime transport.
- The National Green Hydrogen Mission (NGHM) with an investment of $2.4 billion aims to produce 5 MMT of green hydrogen annually by 2030, attracting over $100 billion in investments and creating more than 6 lakh jobs.
- India is actively investing in hydrogen hubs and pilot projects to enable the use of green hydrogen in the shipping sector, showcasing a commitment to clean energy and international collaboration.
Union Minister Shri Pralhad Joshi highlighted India's substantial progress in renewable energy and green shipping at the Hamburg Sustainability Conference in Germany. India has significantly increased its renewable energy capacity by 175% since 2014, surpassing 208 GW. The country aims to become one of the top ten shipbuilding nations by 2030 and the top five by 2047. The Minister emphasized India's commitment to sustainability and achieving climate targets ahead of schedule despite having the lowest per capita emissions among G20 nations. Under Prime Minister Narendra Modi's leadership, India has made significant strides in renewable energy, with solar capacity growing 33 times in the last decade. India's focus on green shipping includes modernizing shipyards, utilizing alternative fuels like biofuels, and upgrading port infrastructure to support green shipping fuels. The National Green Hydrogen Mission (NGHM) aims to produce 5 MMT of green hydrogen annually by 2030, attracting substantial investments and creating numerous jobs. Pilot projects under NGHM are exploring the use of green hydrogen in the shipping sector, with investments in converting vessels to operate on green hydrogen or its derivatives. India is also developing hydrogen hubs at key ports to support green hydrogen-powered ships. The Minister invited international stakeholders to collaborate on India's green hydrogen and renewable energy projects, showcasing the country's commitment to innovative technologies and international cooperation in the global transition towards sustainable energy.
Topics
India
Green Hydrogen
Renewable Energy
Sustainability
Maritime Sector
International Cooperation
Green Shipping
Climate Targets
Green Shipbuilding
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