Denmark launches Green Fuels Alliance India (GFAI), an initiative aimed at supporting countries’ cooperation in achieving carbon neutrality goals while promoting sustainable energy growth in India .
Led by the Embassy of Denmark and the Consulate General of Denmark in India, the alliance brings together companies, government agencies, research institutions and financial stakeholders from both countries to achieve carbon neutrality by 2070 in India and carbon neutrality in India by 2045. aims to achieve the goals of Denmark. Nine Danish organizations are joining his GFAI initiative as founding members, including Maersk, Topsoe, Umwelt Energy, Mash Makes, European Sustainable Solutions, Novozymes, Danfoss and Brdr. Christensen, Hydrogen Denmark.
GFAI plans to focus on developing green hydrogen, a renewable fuel that can be produced using renewable energy and does not itself produce emissions. Hydrogen fuel could be used to decarbonize high-emission industries, including shipping and industrial operations such as steel and cement production.
“The availability of green energy and green fuels in sufficient quantities at cost-competitive price levels is the single biggest challenge to global shipping on its path to net zero.” AP Moller-Maersk Energy Transition Lead said Morten Bo Christiansen. “India has excellent conditions for the production of renewable energy and has ambitions to become a global leader in the green energy value chain. We are very pleased to join our Indian and Danish stakeholders as a founding member of India.”
India faces increased energy use due to population growth, requires investment in clean energy transition
In 2023, India will overtake China and become the world’s most populous country. This growth, combined with rising national temperatures and increased need for air conditioning, causes electricity production to become a significant contributor to global emissions.
The country reportedly needs to decarbonize quickly to meet the goals of the Paris Agreement. That said, India’s per capita income is the lowest among the world’s top emitters, and moving away from cheaper energy sources like coal will require investment in India’s green transition.
The country now plans to double coal production, arguing that coal is the only affordable fuel available in abundance in the country, despite vowing to transition away from fossil fuels.
India is making efforts to increase its renewable energy production, with around 22% of its electricity generation coming from wind and solar energy. However, these energy sources are said to be unreliable as the country is experiencing uncertain weather conditions, according to a report by CNBC.
While green fuels and other green energy alternatives could help reduce the country’s dependence on coal, increased investment in the upfront costs associated with grid-scale battery storage is also an issue from a renewable energy perspective. may address the current failure.