Title: Sustainable Fuel: Clean and Green Hydrogen
Abstract:
Clean/Green Hydrogen (CH/GH): In our uphill battle against climate change, there is an urgent need to decarbonize sectors by deploying clean technologies. Hydrogen holds the key to achieving net-zero emissions as it’s a reliable, light, storable, energy-dense (3x of diesel), comprehensive, and low/zero-emission fuel in bounty supply. It can unlock energy transition even in the most critical and hard-to-decarbonize sectors, including steel, refineries, cement, heavy-duty vehicles, fertilizers, aviation, and power. Hydrogen’s uses for energy storage enable “sector coupling” by connecting distinct energy systems such as heat, power, industry, and transportation as well as balancing intermittent supply from renewables. It can majorly strengthen global energy security for economies by reducing financial stress in terms of import bills and providing strategic gain in the post-Ukraine war world. If all announced industrial plans are realized, Hydrogen and Hydrogen-based fuel cells can help meet the supply and demand gap as the global demand for Hydrogen increases up to 105 Mt by 2030 (200 Mt in NZE scenario) and 1318 Mt in 2050. As per International Energy Agency (IEA) findings, strong demand growth and adoption of Hydrogen will avoid up to 60 Gt CO2 emissions during 2021-2050 in NZE Scenario, averaging 2GT/year, or 16.7 Mt CO2 by 2050 (>0.5 GT/year) as per current trends. As per Barclays, by 2050, the Hydrogen market will grow up to 800 Mt, cut carbon emissions by 15%, and provide annual revenues of over $1 T. The green Hydrogen transition offers investment opportunities worth $11.7 T by 2050.
Biography:
A John F. Kennedy Fellow at Harvard, Nishant Tiwary is passionate about sustainable finance and impact investing to combat Climate Change. An international speaker, economist, and climate leader at Harvard, he has contributed to the path-breaking initiatives in Energy Transition, Sustainable Development, Infrastructure Finance, and Climate Action space. Nishant is the author of Celebrating Bihar Series published by the Oxford University Press in more than a hundred countries.
