India Will Produce The Cheapest Hydrogen In The World Says Gautam Adani

by Dikhyaa Mohanty
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Adani Group Chairman Gautam Adani while speaking to business leaders on the sidelines of the UK’s Global Investment Summit at the London Science Museum, stated that policies to manage and overcome the climate change crisis must be equitable and pragmatic.

According to the reports, Adani noted that green policies and climate action not based on equitable growth will struggle in the long run. He also suggested that a collaborative approach was needed wherein developed nations, which have emitted more greenhouse gases over time, shoulder greater responsibility and propose policies and targets that fairly address the needs of the developing world.

He said “while net-zero targets are much needed, a company’s sustainability initiatives must be aligned with the nation’s sustainability goals. One must recognise that India has already demonstrated its commitment through the bold stand taken by Prime Minister Narendra Modi since the 2015 COP-21 summit and India has emerged as one of the most responsible major nations in the world when it comes to addressing climate change. However, at the heart of any nation’s sustainability journey lies the principle of equitable growth, and a net-zero number unaligned with a nation’s development agenda may end up creating greater disequilibrium across the global sustainability initiatives.”

He further added that over the next decade, the Adani portfolio companies in the energy and utility business will invest over $20 billion in renewable energy generation and the overall organic and inorganic investments across the entire green energy value chain will range between $50 billion and $70 billion. Over 70 per cent of its planned capex until 2030 will be in sustainable technologies. This includes investments with potential partners for electrolyzer manufacturing, backward integrations for component manufacturing to secure the supply chain for the solar and wind generation businesses, and AI-based utility and industrial cloud platforms.

Pic Courtesy – Google

 

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