Deploying clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry by 2050 at a manageable cost, according to a latest report by researcher firm Bloomberg NEF (BNEF). The report titled ‘Hydrogen Economy Outlook’ added that this would only be possible if policies are put in place to help scale up technology and drive down costs with about $150 billion of subsidies needed to be rolled-out over the next decade.
According to the report, the falling cost of making hydrogen from wind and solar power offers a promising route to cut emissions in sectors such as steel, heavy-duty vehicles, shipping, and cement.
The installed capacity of renewable energy generation in the country has grown 72% from 80 gigawatt (GW) to 138.9 GW during the past six years, according to new and Renewable Energy Minister Mr R K Singh.
He also added that the foreign direct investments of $6.1 billion flew into the Indian clean energy sector including solar, wind, biomass, large hydro and nuclear in the five year period 2014-19.
The Coal Ministry has big plans to utilise Coal Bed Methane (CBM) extracted from coal seams during the mining process for household energy purposes and will soon launch a large scale programme. The project is currently in the pipeline and an official plan to chalk out the strategy for aggressively pushing the CBM programme will come out within the next two years, a senior Coal Ministry official told.
The Central government has declared transport services for carriage of goods by water and services connected with movement or storage of goods in ports as essential services.
In an office order issued on March 23, the shipping ministry has asked port authorities of all major ports and state maritime boards that administer non-major ports, to ensure that cargo operations are not hampered by the lockdown imposed by state governments, a government official briefed on the order said.
Kerala, which has imposed a lockdown, has exempted movement of cargo through ports.
Indian Railways has decided not to levy haulage charges for movement of empty containers and empty flat wagons from March 24, 2020 till April 30, in a bid to promote greater use of rail for movement of cargo to deal with the fallout of the corona virus.
The coronavirus crisis will cause global wind energy additions in 2020 to decline by 4.9 Gigawatt (GW) compared to previous projections, research and consultancy firm Wood Mackenzie said, adding due to the pandemic and other market changes total forecast wind additions for 2020 is now expected to be 73 GW.