Key Points
However, climate change and energy transition must also be seen as an opportunity, especially in developing countries such as India...
Hard to abate sectors such as steel, fertilisers, cement and long-haul transport are just some areas where green hydrogen can drive the energy transition..
Amongst others, G20 countries agreed on tripling renewable energy capacity, principles on green hydrogen, and launched a global biofuels alliance, in a strong signal to the recently concluded COP28...
This is Indias big opportunity. Despite successes in renewable energy, we have been unable to make a breakthrough in solar rooftops..
Furthermore, the power generated through solar rooftops will be consumed locally, reducing transmission and distribution losses...
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