In the present era, the world is struggling against the most challenging crisis of the 21st century i.e. global issue of climate change. The rampant use of fossil fuels to fuel socio-economic development has leveled up this problem manyfold and brought the urgency to tackle the situation on mission mode globally. It is high time where world needs to achieve a viable solution to meet its energy requirements through renewable and green sources in place of traditional fuels like coal to limit the carbon footprints and move towards carbon neutrality.
These green sources become viable solutions to cater to rising energy demands as their availability is dependent on natural sources and thus also keeps an effective check on energy imports. The recent initiative announced by Denmark, ‘Green Fuels Alliance India’ (GFAI) will work in this direction and will aim to boost the growth of the green fuel sector to cater to the increasing energy demand of India’s large population with a special emphasis on green hydrogen.
It will play a crucial role in the advancement of innovation in green fuels in a collaborative manner and promote sustainable energy solutions across the sectors. This will nurture collaboration, innovation, and partnership among industrial counterparts from both the country and lead the path of carbon neutrality.
The continuous advancement in the technology of renewable energy generation has made it a desired option to be globally accepted on economic grounds to support substantial growth of green energy solutions in the recent decade. These have capabilities of replacing traditional fuel in heavy industries (manufacturing, transportation) responsible for bulk carbon production with the help of governments, businesses, research institutions, and financial institutions among other relevant stakeholders from both countries.
This alliance will prove to be a strategic shift as India and Denmark, are aggressively working to achieve their ambitious target to achieve carbon neutrality by 2070 and 2050 respectively. Denmark’s recent top positioning in Global Climate Performance Ranking 2024 has brought new hopes and opportunities for India to add innovation in the growth of the green fuel sector and find a way to move forward in its green energy transition while meeting ambitious global climate targets.