Billionaire Gautam Adani, in a World Economic Forum blog, asserts that green hydrogen is India's key to net-zero carbon emissions. Despite its current high cost, Adani suggests replicating the solar power model to bring down expenses. Green hydrogen, produced through renewable energy, can revolutionize industries, enhance energy security, and address air quality concerns in cities, marking the last mile in India's net-zero journey.
Billionaire industrialist Gautam Adani, in a recent blog post for the World Economic Forum (WEF), emphasized the transformative role of green hydrogen in India's pursuit of net-zero carbon emissions. Adani, the head of the Adani Group, sees green hydrogen as a crucial component in achieving energy security and enhancing air quality in urban centers.
In his vision, Adani highlights the clean and versatile nature of green hydrogen, produced by splitting water using renewable electricity. This environmentally friendly fuel, devoid of carbon emissions, holds the potential to revolutionize various industries, serving as a feedstock in sectors like steel and oil refineries, as well as a clean fuel for automobiles.
Acknowledging the progress in renewable energy, Adani notes its dependency on favorable weather conditions. However, he believes that green hydrogen could emerge as a viable alternative to fossil fuels, providing a consistent and reliable energy source.
Adani draws attention to the cost factor, acknowledging the current high expenses associated with green hydrogen production. To address this, he proposes replicating the successful model of reducing solar power costs. Drawing a parallel, Adani notes that the cost of electricity generated from solar panels in 2011 was ₹15 per kilowatt-hour, which has now plummeted to ₹1.99 per unit, making it the world's lowest.
Highlighting the role of renewable energy in the green hydrogen equation, Adani emphasizes that the production cost of renewable energy must outpace that of green hydrogen to ensure its viability. He suggests vertical integration, where a company oversees all upstream and downstream activities, as a strategy to significantly reduce green hydrogen production costs.
In the context of India's net-zero journey, Adani acknowledges green hydrogen as potentially the "last mile" solution for many sectors. However, he underscores the imperative of lowering its current high cost. Adani advocates for India to leapfrog directly to renewables and green hydrogen, avoiding a mere replacement of one fossil fuel with another.
Gautam Adani envisions green hydrogen as the linchpin in India's quest for net-zero carbon emissions. In a blog for the World Economic Forum, he emphasizes the need to replicate the solar power model to reduce the high cost associated with green hydrogen. Adani sees this clean fuel as the catalyst for energy security, offering a viable alternative to fossil fuels. He suggests that the decrease in solar costs can be mirrored in the green hydrogen sector, making it an integral part of India's sustainable future.