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As the global urgency to combat <keyword id="19907392" type="General" weightage="20" keywordseo="climate-change" source="keywords">climate change</keyword> intensifies, all eyes are on India's <keyword id="19955368" type="General" weightage="100" keywordseo="Budget-2024" source="keywords">Budget 2024</keyword>, as there’s no better way to walk the talk than allocating funds. Speculation is rife about the potential measures the government may introduce to accelerate the transition to a sustainable energy future — a move that is supremely necessary after the slew of deadly climate catastrophes that we saw last year. India’s Union Budget 2024 will be presented by Finance Minister Nirmala Sitharaman in a couple of days, and is expected to reflect the nation’s commitment to achieving <keyword id="21280854" type="General" weightage="20" keywordseo="net-zero-carbon-emissions" source="keywords">net-zero carbon emissions</keyword> by 2070. Here are some of the key initiatives from the interim budget that was presented in February earlier this year, along with their anticipated impacts! <h2>Rooftop Solarisation</h2>One of the most talked-about initiatives is the ambitious rooftop solar programme, which aims to provide free electricity up to 300 units per month to one crore households. If implemented, this move will help in not only cutting down energy bills — a godsend for the middle- and lower-income folks — but will also give households a chance to generate and even sell their surplus power. <h2>Electric Vehicle (EV) Ecosystem</h2>Charging up the electric vehicle movement, the interim budget included measures to expand EV manufacturing and infrastructure in the country. The move aimed to accelerate the adoption of <keyword id="19895203" type="General" weightage="20" keywordseo="electric-vehicles" source="keywords">electric vehicles</keyword>, reducing emissions from the transport sector and making your commute cleaner and greener. Additionally, the government seemed keen on encouraging the adoption of electric buses to make urban travel more eco-friendly. <div type="Article" hostid="261" msid="111855546" title="Budget 2024: How will budget affect India’s position in the global space race?" mstype="2" mssubtype="0"></div> <h2><keyword id="20495045" type="General" weightage="20" keywordseo="offshore-wind-energy" source="keywords">Offshore Wind Energy</keyword></h2>Riding the winds of change, the interim budget introduced a viability gap funding for 1 GW of offshore wind energy. As per the Finance Ministry, this initiative aims to harness the power of India’s vast coastline, pushing the envelope on <keyword id="19895602" type="General" weightage="20" keywordseo="renewable-energy" source="keywords">renewable energy</keyword> and reducing our fossil fuel dependency. <h2><keyword id="22499996" type="General" weightage="20" keywordseo="national-green-hydrogen" source="keywords">National Green Hydrogen</keyword> Mission</h2>The interim budget also supercharged the National Green Hydrogen Mission with a massive boost to Rs 600 crore from last year’s Rs 297 crore. The government has continually insisted that Green Hydrogen is set to become the fuel of the future, and this announcement supports its development and adoption, paving the way for cleaner industrial processes. <h2>Coal Gasification and Liquefaction</h2>Switching up the coal game, the interim budget plans to set up coal gasification and liquefaction projects that will be able to process 100 metric tonnes by 2030. These projects aim to make the most out of coal in a cleaner way, especially by reducing our reliance on imported natural gas and slashing emissions. <div type="Article" hostid="261" msid="111827903" title="Union Budget 2024 for Railways: Expectations focused on improving passenger safety, experience, infrastructure" mstype="2" mssubtype="0"></div> <h2>Bioenergy and Biomass Aggregation</h2>Turning waste into wealth, the interim budget has also promised additional financial assistance for biomass aggregation. This, they explain, will help in creating a sustainable model for managing agricultural waste, promoting bioenergy production and giving farmers a new revenue stream. <h2>Research and Development (R&amp;D)</h2>In a nod to innovation, the interim budget allocated a whopping Rs 1 lakh crore for interest-free financing in “sunrise” R&amp;D for emerging <keyword id="19931192" type="General" weightage="20" keywordseo="green-technologies" source="keywords">green technologies</keyword>. If the government follows through on this promise, the funding could catapult a wave of innovation, supporting the transition to a sustainable energy future. By focusing on renewable energy, reducing carbon emissions, and supporting green technologies, India’s initial budget allocations seem to be taking significant strides towards its net-zero goal. Whether this will ultimately pan out to become a greener and more resilient future for its citizens remains to be seen.

Budget 2024: Key sustainability and energy initiatives that Indian government plans to implement this year

<keyword id="19955648" type="General" weightage="20" keywordseo="Adani-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Group" meta.hostid="261" meta.entityid="Adani Group">Adani group</keyword> plans to invest about Rs 1.3 lakh crore across its portfolio companies in this financial year, as it doubles down on its $100 billion investment guidance over the next 7-10 years to grow businesses, the group's CFO said. The investment will range from ports to energy, airports, commodities, cement and media. 70% of this will met through internal cash generation and the remaining will be taken care through debt, group CFO Jugeshinder 'Robbie' Singh noted. The group will look to refinance $3-4 billion of debt maturing in the year and raise an additional $1 billion in project financing, he said, adding the annual $2-2.5 billion of equity infusion by bringing in new investors is also likely to continue. "This year will be more about asset completion," the CFO continued. <keyword id="34553" type="General" weightage="20" keywordseo="Renewable-energy" source="Orion">Renewable energy</keyword> firm <keyword id="19898586" type="General" weightage="20" keywordseo="Adani" source="keywords">Adani</keyword> Green will complete 6-7 GW project, while the solar wafer manufacturing unit will also attain scale. Also, the new airport at Mumbai will be completed. The projected capital expenditure or capex for 2024-25 (April 2024 to March 2025) fiscal is 40% higher than what the portfolio is estimated to have incurred in FY24. The group had previously guided a $100 billion capex over the next 7-10 years. Most of this investment is going to go into the group's fast growing businesses -- renewable energy, <keyword id="8411893" type="General" weightage="20" keywordseo="green-hydrogen" source="Orion">green hydrogen</keyword> and airports and infrastructure. As much as 70% of the planned capex will go into its green portfolio - primarily <keyword id="19904987" type="General" weightage="20" keywordseo="renewable-power" source="keywords">renewable power</keyword>, green hydrogen, green evacuation. Of the remaining 30%, the majority will be spent towards airports and ports businesses. Adani group companies posted a record 45% rise in pre-tax profit (Ebitda) to Rs 82,917 crore (about $10 billion) in FY24, Singh said. Emerging from a damning report of a US short seller <keyword id="191733" type="General" weightage="20" keywordseo="Hindenburg" source="Orion">Hindenburg</keyword>, which hit the market value of its listed companies, Adani group in 2023-24 focused on containing debt, reducing founder share pledge and consolidating the business in core competencies. The five-year CAGR (compound annual growth rate) for profit growth was 54% A school drop-out, group chairman <keyword id="19929098" type="General" weightage="100" keywordseo="Gautam-Adani" source="keywords">Gautam Adani</keyword> started out as a commodities trader and rose to be counted amongst world's richest with an empire spanning across ports, power generation, airports, mining, renewables, gas, data centres, media and cement. Today, Adani group is the world's second largest solar power company, it is the largest airport operator with 25% of passenger traffic and 40% of air cargo, the largest ports and logistics company with 30% market share, largest integrated energy player, and the country's second largest cement manufacturer. With strong emphasis on <keyword id="19895435" type="General" weightage="20" keywordseo="green-energy" source="keywords">green energy</keyword> transition, it will be allocating more than 70% of this $100 billion to its green businesses including renewable power, green hydrogen, and green evacuation transmission lines. The conglomerate is building the world's largest renewable park at Khavda, Gujarat, spanning over 530 square kilometers, which is about five times the size of the city of Paris. A large portion of total investments is earmarked for expansion and development of its fast-growing airports business and ports business. With a portfolio boasting eight airports including the upcoming <keyword id="57321" type="General" weightage="20" keywordseo="navi-mumbai" source="Orion">Navi Mumbai</keyword> airport and 14 domestic ports, Adani wants to further solidify its presence in these sectors.

Adani to invest Rs 1.3 lakh crore in FY25 across its companies

Terming the state budget as "revolutionary," Maharashtra Chief Minister Eknath <keyword id="20040955" type="General" weightage="20" keywordseo="shinde" source="keywords">Shinde</keyword> said that this budget in a true sense empowers women, youth, and farmers through various schemes worth Rs 1 lakh crore. He said that this budget is revolutionary and would make the future of weaker sections, farmers, and youth bright. Stating that the budget was a resolve to give a new direction to Maharashtra, <keyword id="20062947" type="General" weightage="20" keywordseo="CM-Shinde" source="keywords">CM Shinde</keyword> said that this budget has an "unending chant of the <keyword id="22227448" type="General" weightage="20" keywordseo="development-of-Maharashtra" source="keywords">development of Maharashtra</keyword>". Deputy Chief Minister and Finance Minister <keyword id="19941791" type="General" weightage="20" keywordseo="Ajit-Pawar" source="keywords">Ajit Pawar</keyword> on Saturday presented the additional budget for the year 2024-25 in the state assembly. The Finance Minister had presented the interim budget in February. Stating that the budget has important provisions to help women and unemployed youth to stand on their own feet, the Chief Minister said that "Chief Minister Majhi Laadki Baheen scheme, free vocational education to girl students, Chief Minister Annapoorna scheme which gives 3 cylinders per year to eligible families, project worth Rs 15 thousand crores for providing free electricity to farmers during day time, Chief Minister Baliraja electricity concession scheme which provides free power to farmers using agricultural pumps, training to 50 thousand youth every year to convey government schemes to masses and resolve to remove poverty of the weaker sections of the society have made this budget special." He said that provisions like free education to girl students for engineering, pharmacy, and medical education along with degree and diploma courses along with Rs. 1500 per month to every woman prove that the government has expressed its responsibility towards women of the state. Stating that the budget proves that it stands behind the farmers, Chief Minister Shinde said that the issue of food-grain storage would be resolved through schemes like Godown per village. He said that the lives of farmers would be transformed through various provisions in the budget which include financial assistance to cotton and soybean growers, special campaigns to complete irrigation projects, and solar pumps on demand. Pointing out that the decision to celebrate the coronation of <keyword id="19966480" type="General" weightage="20" keywordseo="Chhatrapati-Shivaji-Maharaj" source="keywords">Chhatrapati Shivaji Maharaj</keyword> through a ceremony every year at Fort Raigad is important, the Chief Minister said that other decisions include recommending the annual Pandharpur pilgrimage for the UNESCO World Heritage along with the rock sculptures in Konkan, Dahi Handi celebration are efforts towards the preservation of history and culture of the state. He said that the budget provides Rs 20,000 to every Dindi (the troops participating in the annual Pandharpur pilgrimage) and it has made the announcement of making arrangements for medical treatment of pilgrims through the Chief minister's medical relief cell and provision for Nirmal Waari show commitment towards the annual pilgrim and Warkari sect. He said that a separate Warkari Mahamandal or separate Corporation for the annual pilgrims would be set up. Stating that massive investment would be made in priority sectors and the <keyword id="21313056" type="General" weightage="20" keywordseo="green-hydrogen-sector" source="keywords">green hydrogen sector</keyword>, he said that it would generate employment in a big way. He said that the chief minister's youth training scheme would impart training to ten lakh youngsters every year and a centre of excellence would be established in ITI's which would benefit the youngsters. Stating that the Sanjay Gandhi Niradhar scheme and Shrawan Bal seva state pension scheme assistance would be raised are strong steps CM Shinde said that providing for housing of various sections of society, Anand Dighe housing scheme for differently abled amply proves that the state government is taking strong steps towards removing the poverty in the state. The chief minister said that Metro routes worth 449 Kms in Mumbai, Pune, and Nagpur along with 23 thousand kilometer road stretch works under Chief Minister Gram Sadak scheme, construction of buildings of village Panchayats under Balasaheb Thackeray memorial Matoshree Gram Panchayat scheme, PM e-bus scheme in municipal corporation areas and other infrastructure works would be undertaken in a big way which would result in speedy development of the state. The monsoon session of the Maharashtra Assembly began on Thursday (June 28) and will go on till July 12. This is the last legislative session before the state assembly polls, in the next four months.

Budget resolves to give new direction to Maharashtra: CM Shinde

New Delhi, India's top oil firm IOC on Monday unveiled the nation's first <keyword id="18906554" type="General" weightage="20" keywordseo="green-hydrogen-powered-bus" source="Orion">green hydrogen-powered bus</keyword> that emits just water as it takes the lead in bringing out unrivaled tools to replace fossil fuels. Indian Oil Corporation (IOC) will produce close to 75 kg of hydrogen by splitting water using electricity from renewable sources. This hydrogen will be used to power two buses which will ply across the national capital region for trial runs. Oil Minister Hardeep Singh Puri, flagging off the buses, said hydrogen will be India's transition fuel for moving away from fossil fuels. IOC's R&amp;D Centre at Faridabad is producing green hydrogen for the pilot run. Four cylinders with a capacity of 30 kg can run the buses for 350 km. It takes 10-12 minutes for the four tanks to fill. Hydrogen when burnt emits only water vapour as a by-product. With three times the energy density and the absence of harmful emissions, hydrogen shines as a cleaner, more efficient choice to meet the energy requirement. As much as 50 units of renewable electricity and 9 kg of deionized water are needed for the production of one kilo of green hydrogen. Hydrogen can be used as a fuel for fuel cells. Puri said by the end of 2023, IOC will scale up the number of buses to 15. IOC will undertake operational trials of 15 fuel cell buses powered by green hydrogen on the identified routes in Delhi, Haryana, and UP. Under this programme, the first set of 2 fuel cell buses was launched on Monday. "Our government has ambitious plans on clean and green energy. India has taken many steps towards low carbon development- through emerging fuels like hydrogen and bio-fuels and shall account for 25 per cent of global incremental energy demand growth over the next two decades," Puri said. Upon the launch of the two buses, a cumulative mileage of more than 3 lakh kilometers will be covered for long-term assessment of performance and durability of the new technology. India has one of the largest synchronous grids in the world, capable of handling intermittent renewable energy and it has achieved 'One Nation-One Grid-One Frequency'. "With the low cost solar, synchronous grid, large demand and engineering, India will be a global champion in production and exports of hydrogen and is set to emerge as the hub for green hydrogen," he said. Puri said recently the world's first BS 6 (Stage II) Electrified Flex Fuel vehicle prototype was launched that encompasses both the flex fuel engine as well as an electric powertrain that offers higher use of ethanol combined with better fuel efficiencies. Hydrogen is deemed as the fuel for the future with immense potential to help India meet its decarbonization targets. The global demand for hydrogen is expected to increase by four to seven times to 500-800 tonne by 2050. Domestic demand is expected to increase by four times, from the current 6 tonne at present to 25-28 tonne by 2050. Oil and gas PSUs shall produce around 1 million tonne per annum of green hydrogen by 2030. "This green <keyword id="14355451" type="General" weightage="20" keywordseo="hydrogen-powered-bus" source="Orion">hydrogen-powered bus</keyword> is going to transform the face of city transport in the country. I shall be closely monitoring the project and wish you all the very best for successfully executing this project of national importance," he added. "The success of this project can catapult India from being a net importer of fossil energy to becoming a net exporter of clean hydrogen energy; and provide global leadership to other countries in terms of technology transfer while becoming a large green hydrogen producer and supplier of manufacturing parts."

IndianOil unveils India's first green hydrogen-run bus that emits just water

Centre University of Jammu (CUJ) on Wednesday announced that its <keyword id="21857333" type="General" weightage="20" keywordseo="Radio-Sonde" source="keywords">Radio-Sonde</keyword>, a crucial tool for <keyword id="21857334" type="General" weightage="20" keywordseo="atmospheric-data-collection" source="keywords">atmospheric data collection</keyword>, was launched successfully from its <keyword id="19915124" type="General" weightage="20" keywordseo="ISRO" source="keywords" meta.keywordsubtype="org" meta.entityname="ISRO" meta.hostid="261" meta.entityid="ISRO">ISRO</keyword> centre in <keyword id="19918866" type="General" weightage="20" keywordseo="Samba" source="keywords">Samba</keyword> district of Jammu and Kashmir. The launch, a part of a Memorandum of Understanding (MoU) between the <keyword id="20058612" type="General" weightage="20" keywordseo="National-Remote-Sensing-Centre" source="keywords">National Remote Sensing Centre</keyword> (NRSC), ISRO and CUJ, aims to enhance the understanding of atmospheric conditions and climate change, contributing valuable data to both national and global meteorological research, a varsity spokesperson said. Using hydrogen-filled balloons, the scientists record atmospheric pressure, temperature, wind direction, and speed from 12 kilometres above earth's surface and the data is transmitted to the ground via radio signals. The spokesperson said this is only the third testing facility of its kind established by ISRO at CUJ. CUJ vice chancellor Prof Sanjeev Jain said the milestone event marks a significant achievement in the university's ongoing commitment to advancing space science research and technology. "Today's successful launch of the Radio-Sonde exemplifies our commitment to enhancing innovation and research in space sciences. This entire Radio-Sonde system is fully developed indigenously by ISRO under the 'Make in India' vision of Prime Minister Narendra Modi. "This initiative not only strengthens our research capabilities but also positions our institution at the forefront of atmospheric studies," Jain said. The centre launched the weather balloon in the afternoon, convenor of the centre Prof Vinay Kumar said. It will provide a unique set of data as the convection layer is fully developed by this time, he said. Other centres and institutions are collecting data only in the morning and evening hours, Kumar said, adding that the balloon will ascend upwards at a rate of five metres per second up to a maximum height of 40 km. The Satish Dhawan Centre for Space Sciences, a premier facility within the university, has been instrumental in providing the state-of-the-art infrastructure and resources for such pioneering projects, the spokesperson said. He said the launch of Radio-Sonde is expected to pave the way for future research endeavours and collaborations in the field of space and atmospheric sciences. "The data collected from Radio-Sonde will be analysed and utilised for various research projects, ultimately contributing to the broader field of space sciences," he said.

Atmospheric data collection tool Radio-Sonde launched from ISRO centre at Samba

<ul><li>NIIF’s MD and CEO Sujoy Bose gives a break up of investments across sectors to hit its <keyword id="34553" type="General" weightage="20" keywordseo="renewable-energy" source="Orion">renewable energy</keyword> targets by 2030.</li><li><keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword> needs to invest $200 billion to set up 500GW of non-fossil fuel energy. </li><li>The country needs $160 billion to fund its <keyword id="8411893" type="General" weightage="20" keywordseo="green-hydrogen" source="Orion">green hydrogen</keyword> goals. </li><li>The capex that must be spent towards electric vehicles is $200 billion, says Bose.</li></ul>India needs hundreds of billions of dollars in capital infusion to meet its sustainability and renewable energy targets. Sujoy Bose, the MD and CEO of the National Investment and Infrastructure Fund, has put a number on it – $560 billion. That’s more than a seventh of India’s current GDP of $3.5 trillion. According to Bose, India needs to invest trillions of dollars to achieve its goal of “Net Zero” by 2070. Bose said India’s sustainability goals could not only help it environmentally, but also economically. “India can become a new hub for technology and its deployment. Investing in sustainability is required to be at the forefront of new industries,” Bose said at the annual FICCI Capital Markets conference, adding that these investments could lead to new, higher income jobs as well. This has the implication of uplifting India’s median wages as well, which stood at $400, placed 72nd among 106 countries in a 2020 survey. Here’s a breakdown of the different renewable energy bills India will need to fund, according to Bose: <cmsannotation type="cmsannotation" annotationid="$200 billion for 500GW of non-fossil fuel energy by 2030" comment="subhead" text="$200 billion for 500GW of non-fossil fuel energy by 2030">$200 billion for 500GW of non-fossil fuel energy by 2030</cmsannotation> Currently, 40% of India’s total energy needs are met by renewables and hydro power. The government intends to increase this to 60% by the end of the decade, and that will need over $200 billion in funds, according to Bose. As of now, India’s total renewable energy capacity stands at 160GW, and the government has a goal of expanding it to 500GW by 2030. By the government’s estimates, India’s total energy capacity would more than double from the current 404GW to 820GW by 2030. <cmsannotation type="cmsannotation" annotationid="$160 billion to fund India’s green hydrogen goals" comment="subhead" text="$160 billion to fund India’s green hydrogen goals">$160 billion to fund India’s green hydrogen goals</cmsannotation> Green hydrogen is being seen by many as a key component of achieving “Net Zero” status. This prospect has India’s richest men – Gautam Adani and Mukesh Ambani – excited. Earlier this year, Adani Enterprises announced a partnership with France’s TotalEnergies to create a green hydrogen ecosystem with an investment of $50 billion over the next 10 years. Ambani, on the other hand, pledged $75 billion towards <keyword id="60895" type="General" weightage="20" keywordseo="green-energy" source="Orion">green energy</keyword> – including an undisclosed sum towards green hydrogen. Yet, these announcements are still not close to the total capex required for green hydrogen goals. But help is coming, including from the state-run Indian Oil Corporation, and the Hyderabad-based Greenko group. <cmsannotation type="cmsannotation" annotationid="$200 billion for India’s EV goals by 2030" comment="subhead" text="$200 billion for India’s EV goals by 2030">$200 billion for India’s EV goals by 2030</cmsannotation> The EV revolution might still be on its way to India, but there has been an uptick in EV sales over the past two years — inching towards 5 lakh units. A report by India Energy Storage Alliance (IESA) states that EV sales could increase at a compounded annual growth rate of 49% till 2030, touching total sales of 17 million. For that to materialize, though, Bose says a massive $200 billion capex is needed. <cmsannotation type="cmsannotation" annotationid="Here’s how India can fund its renewable energy goals" comment="subhead" text="Here’s how India can fund its renewable energy goals">Here’s how India can fund its renewable energy goals</cmsannotation> According to Bose, three types of capital will be required to fund India’s renewable energy goals, including equity, risk capital, and debt. “The government has shown the way via the regulatory innovation in the case of renewable energy – the creation of the Solar Energy Corp of India, combined with tools such as priority dispatch, was crucial to give a fillip to private investment in the renewable sector,” he said. He says this has led to renewable energy generation being cheaper than coal-fired power in many cases. For now, though, most of the equity investment in the renewable energy sector is foreign. Bose says that linking international and domestic finance to climate-related projects will help close the gap. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/cant-be-locking-horns-with-zomato-and-swiggy-says-restaurant-body/articleshow/94203208.cms">Can’t be locking horns with Zomato and Swiggy, says restaurant body</a> <a href="https://www.businessinsider.in/stock-market/news/these-are-the-best-and-worst-performing-nifty-indices-in-2022-so-far/articleshow/94149156.cms">These are the best and worst performing Nifty indices in 2022 so far</a> <a href="https://www.businessinsider.in/stock-market/news/explained-what-are-you-in-investing-in-when-youre-investing-in-nifty50/articleshow/94041896.cms">Explained: What are you investing in when you’re investing in Nifty50</a>

The bill for India's renewable energy goals by 2030 – $560 billion

Billionaire Gautam Adani's group is building the world's largest <keyword id="864915" type="General" weightage="20" keywordseo="renewable-energy-park" source="Orion">renewable energy park</keyword> in Gujarat, as it eyes a massive 45 GW capacity to generate electricity largely from <keyword id="6357019" type="General" weightage="20" keywordseo="solar-energy" source="Orion">solar energy</keyword>. Speaking at the opening of '<keyword id="694229" type="General" weightage="20" keywordseo="energy-revolution" source="Orion">Energy Revolution</keyword>: The <keyword id="3179546" type="General" weightage="20" keywordseo="adani-green-energy" source="Orion">Adani Green Energy</keyword> Gallery' at the Science Museum in London, Gautam Adani said his group's renewable energy arm, Adani Green Energy, is leading an energy transition that honours the commitment of taking care of the planet not just for this generation and the next but also for generations to come. "As the world's leading solar power developer and India's largest renewable energy company, we are taking very big steps," he said. "In Khavda, which is in the state of Gujarat, we are building the world's largest renewable energy park. It will have a generation capacity of 30 GW of energy - and it is incredibly big. Its area of 538 square kilometers is more than five times bigger than Paris." This is part of the aim to reach 45 GW of renewable energy by 2030, said Adani, the chairman of the apples-to-airport conglomerate. "This will be like providing clean energy to almost every house in England," he said. It currently has an operating renewable portfolio of over 9.5 GW and locked-in projects of up to 21.8 Gigawatt (GW). The Gallery explores how the world can generate and use energy more sustainably to urgently decarbonise and to limit dangerous climate change. "Through striking displays of contemporary and historic objects from the UK and abroad, interactive digital exhibits, and specially commissioned models, the gallery shows how the past, present and future are shaped by human imagination and innovation and explores how we all have a role to play in deciding our energy future," a company statement said. The Gallery, which is open to the public for free, examines this century's defining challenge through the lens of imagination across three sections. In Future Planet, visitors can explore how scientists use complex computer-based models to understand our planet, and what these tell us about the range of climate futures that might lie ahead. In Future Energy, technologies and the people behind them that are reimagining how energy is supplied and used are highlighted alongside historic artefacts which provide a longer view of the transition away from fossil fuels. Adani said museums are very important because they teach and inspire. "This new gallery is about more than just clean air - or about moving away from oil and gas. It is about the energy transition we need - this world needs - and it is about the revolution that is taking place in the world of energy." The gallery, he said, was special because it makes us think, dream and wish for change. At the centre of the gallery is Only Breath, a moving sculpture that signifies the power of nature to inspire technological change. Radiating outward from the centre are plinths which display vital low-carbon renewable energy technologies for the transition, from nuclear, hydrogen and solar to wind and tidal power, alongside remarkable historic innovations that remind us how major change is possible and that many of the technologies needed to make the low-carbon energy transition already exist. Objects in this section include a 7m long tidal turbine blade made by Scottish renewable energy company Orbital Marine Power and the first electric taxi, the Bersey cab, hailed by Londoners in 1897. The challenges of electrification, energy storage, and supply and demand are also explored, with visitors invited to play interactive games and use models that show how energy can be generated and distributed. Possible routes to low-carbon transport are featured, as well the decarbonisation of our buildings and construction industries, and visitors can learn about climate modelling and see instruments used to measure climate. Energy Revolution was designed by award-winning architects, Unknown Works. A key element of sustainable design was the reuse of redundant shelves from the Science Museum's former object store. The gallery's carbon footprint has been monitored, and recyclable aluminium was used where possible. The gallery's Title Funder is Adani Green Energy. Sagar Adani, Executive Director, AGEL, said, "The Science Museum has put together the world's best curated gallery on energy transition. As one of the world's largest renewable energy companies, we are committed to making progress towards net zero - and there is no greater resource in the fight against climate change than education. "Through the sponsorship of the gallery, we aim to inspire young minds, scientists and innovators to imagine a future powered by clean energy and build a carbon-free world. It is an initiative to stimulate their interest, curiosity and awareness, and encourage their active participation in creating clean technologies. The gallery brings together the global community to enable the shift towards energy efficiency, clean energy adoption and carbon emissions reduction." Sir Ian Blatchford, Director and Chief Executive of the Science Museum Group, said, "In a week when we're celebrating a record 2.25 million visits by UK residents to the museum, including a million children, this stunning gallery offers even more to ignite curiosity among those who will visit in the year ahead - provoking important conversations about the urgent need for the world to generate and use energy more sustainably."

Adani eyes 45 GW renewable energy capacity by 2030

One thing that the entire country is worried about today is rising fuel prices that are burning a hole in our pockets. <div type="image" title="Simpson meme" msid="91155009" hostid="261"></div> The price of crude oil, which is used to make petrol and diesel, shot up after Russia – one of the major oil-producing countries – went onto the battlefield with Ukraine. India currently imports <a href="https://www.businessinsider.in/finance/news/crude-oil-surges-significantly-to-109-per-barrel-as-countries-look-for-options-other-than-russia/articleshow/89936843.cms">85% of its oil demand </a>and the rise in crude oil prices directly increases import bill and expenses. And crude oil prices have increased more than 50% in the last one year <a href="https://www.businessinsider.in/finance/news/crude-oil-surges-significantly-to-109-per-barrel-as-countries-look-for-options-other-than-russia/articleshow/89936843.cms">to $100 from $60 a year </a>ago. This ever-increasing demand for fuel and dependency on imported crude oil for domestic needs has made us wonder if there's an alternative solution to this problem. Yes, there is! <keyword id="169046" type="General" weightage="100" keywordseo="hydrogen" source="Orion">Hydrogen</keyword>. What is hydrogen and can it be used as a fuel? Hydrogen is a <keyword id="154273" type="General" weightage="20" keywordseo="clean-energy" source="Orion">clean energy</keyword> alternative and can be made directly from fossil fuels or biomass, or it can be produced by passing electricity through water. <keyword id="8411893" type="General" weightage="80" keywordseo="green-hydrogen" source="Orion">Green hydrogen</keyword> (GH2) can be generated by breaking water (H20) into hydrogen and oxygen through the electrolysis of water. An electrical current is used to separate hydrogen from oxygen in water and it is extracted without generating any net carbon emissions. This also means that the energy created from hydrogen does not release toxic carbon dioxide, which makes it one of many potential energy sources that could help reduce carbon emissions and slow global warming. <div type="image" title="The process of producing Green Hydrogen" msid="91155052" hostid="261"></div> This green fuel can be utilised as a source of energy in transport, electricity production, and industry activity. It can power anything that uses electricity including electric vehicles and electronic devices. It can also be used as a <a href="https://telanganatoday.com/what-exactly-is-green-hydrogen-and-will-it-be-the-fuel-of-the-future">substitute </a>for natural gas for cooking and heating within homes. If the electricity needed for electrolysis is generated from renewable sources such as solar or wind, the production of green hydrogen does not emit any harmful gases unlike coal and oil. It only emits water vapour. Hydrogen is also the most <a href="https://www.precedenceresearch.com/green-hydrogen-market">abundant </a>element on the planet and offers tremendous promise for innovation. Hence, this is the most eco-friendly way of producing fuel. This is why different countries are rushing to include green hydrogen in their clean energy initiatives. Government bodies around the world have been investing time and money for research into this sustainable source of energy. And India has also taken some steps towards clean energy. According to market research and consulting organisation Precedence <a href="https://www.precedenceresearch.com/green-hydrogen-market">Research</a>, the global green hydrogen market was valued at $1.83 billion in 2021 and is expected to hit over US $89.18 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 54% from 2021 to 2030. The report goes on to say that the Asia-Pacific region is the <a href="https://www.globenewswire.com/news-release/2022/01/11/2364715/0/en/Green-Hydrogen-Market-Size-to-Surpass-US-89-18-Bn-by-2030.html">fastest </a>growing region in the green hydrogen market. <div type="image" title="Growth expectation for global hydrogen market" msid="91155036" hostid="261"></div> Not to forget, Prime Minister Narendra Modi had announced the <a href="https://www.business-standard.com/article/economy-policy/india-can-be-global-hub-of-green-hydrogen-says-pm-narendra-modi-122030401489_1.html">Green </a>Hydrogen Policy and this target of becoming net zero carbon emission by 2070, earlier this year, with the goal of making India a "green hydrogen hub," or a prominent producer and exporter of "green hydrogen." The government policy is aimed at boosting green hydrogen production in the country, which can also reduce India’s dependence on importing over 80% of the oil and gas requirements. The policy focuses on increasing dependency on cleaner forms of energy and abandoning fossil fuels. The policy says green hydrogen and green ammonia is one of the major requirements for reduction of emissions. The government believes hydrogen can play a huge role in shifting to clean energy. It allows companies to easily set up the capacity to generate electricity from renewable sources such as solar or wind anywhere in the country. The government is also planning to bring a production-linked incentive (PLI) scheme for manufacturing electrolysers for producing green hydrogen. Large companies like <keyword id="6355199" type="General" weightage="50" keywordseo="reliance-industries" source="Orion">Reliance Industries</keyword> Limited (RIL), Adani Group, Larsen &amp; Toubro (L&amp;T) with multiple factories that release several forms of chemicals in some way or another will take advantage of the policy. In fact, they have laid out a roadmap already to enter the green hydrogen market. Huge conglomerates like RIL have their own emission target of achieving net zero carbon emissions by 2035. In June 2021, RIL had also said that it is planning to invest <a href="https://www.forbes.com/sites/yessarrosendar/2022/01/14/indian-billionaire-mukesh-ambanis-reliance-industries-to-invest-80-billion-in-renewable-energy-push/?sh=57ca8f7d7a2f">$10 billion</a> in <keyword id="34553" type="General" weightage="20" keywordseo="renewable-energy" source="Orion">renewable energy</keyword>. To help make Gujarat net-zero carbon, Reliance proposes to invest $67.4 billion in the state over 10 to 15 years to set up a 100 gigawatt renewable energy power plant and green hydrogen ecosystem development. <ul><li>Reliance Industries has announced to produce green hydrogen and also make an electrolyser factory to manufacture green energy.</li><li>Larsen &amp; Toubro announced plans to manufacture hydrogen electrolysers in India. Recently, it entered into a pact with the Indian Institute of Technology (IIT), Bombay to carry out a joint research and develop the green hydrogen technology.</li><li>Indian Oil Corp, one of the largest fossil fuel retailers, also announced its plans to build a green hydrogen plant at its Mathura refinery in Uttar Pradesh.</li><li>GAIL plans to build India's largest green hydrogen-making plant as it looks to supplement its natural gas business with carbon-free fuel.</li><li>NTPC also plans to produce green hydrogen.</li></ul>The policy allows 25 years of free inter-state power transmission for any new renewable energy plants that produce green hydrogen for projects commissioned before June 30, 2025. This means that a green hydrogen producer will be able to set up a solar power plant and supply in states and not pay any inter-state transmission charges. Currently, green hydrogen technology is still at the stage of emergence. The country has to overcome a few barriers such as price, storage, and logistics, to ensure a smooth transition towards the green hydrogen ecosystem. Here’s an explainer video about everything green hydrogen, challenges that the world currently faces to store GH2, positives from India's <keyword id="13040691" type="General" weightage="50" keywordseo="green-hydrogen-policy" source="Orion">Green Hydrogen policy</keyword> and five stocks that will benefit from it. <div type="image" title="Everything green hydrogen" msid="91155096" hostid="261"></div>

SIMPLY PUT: Everything you need to know about green hydrogen and India’s new policy around it

<ul><li>India currently imports <a href="https://www.businessinsider.in/finance/news/crude-oil-surges-significantly-to-109-per-barrel-as-countries-look-for-options-other-than-russia/articleshow/89936843.cms">85% of its oil demand </a>and the rise in <keyword id="102132" type="General" weightage="20" keywordseo="crude-oil-prices" source="Orion">crude oil prices</keyword> directly increases import bill and expenses.</li><li>This ever-increasing demand for fuel and dependency on imported <keyword id="45185" type="General" weightage="20" keywordseo="crude-oil" source="Orion">crude oil</keyword> for domestic needs has made us wonder if there's an alternative solution to this problem.</li><li>Yes, there is. Hydrogen.</li></ul>One thing that the entire country is worried about today is rising fuel prices that are burning a hole in our pockets. <div type="image" title="Fuel prices are burning a hole in our pockets" msid="91252731" hostid="261"></div> The price of crude oil, which is used to make petrol and diesel, shot up after Russia – one of the major oil producing countries – went onto the battlefield with Ukraine. India currently imports <a href="https://www.businessinsider.in/finance/news/crude-oil-surges-significantly-to-109-per-barrel-as-countries-look-for-options-other-than-russia/articleshow/89936843.cms">85% of its oil demand </a>and the rise in crude oil prices directly increases import bill and expenses. And crude oil prices have increased more than 50% in the last one year <a href="https://www.businessinsider.in/finance/news/crude-oil-surges-significantly-to-109-per-barrel-as-countries-look-for-options-other-than-russia/articleshow/89936843.cms">to $100 from $60 a year </a>ago. This ever-increasing demand for fuel and dependency on imported crude oil for domestic needs has made us wonder if there's an alternative solution to this problem. Yes, there is! Hydrogen. <cmsannotation type="cmsannotation" annotationid="What is hydrogen and how can it be used as fuel?" text="What is hydrogen and how can it be used as fuel?">What is hydrogen and how can it be used as fuel?</cmsannotation> Hydrogen is a clean energy alternative and can be made directly from fossil fuels or biomass, or it can be produced by passing electricity through water. <keyword id="8411893" type="General" weightage="20" keywordseo="green-hydrogen" source="Orion">Green hydrogen</keyword> (GH2) can be generated by breaking water (H20) into hydrogen and oxygen through the electrolysis of water. An electrical current is used to separate hydrogen from oxygen in water and it is extracted without generating any net carbon emissions. This also means that the energy created from hydrogen does not release toxic carbon dioxide, which makes it one of many potential energy sources that could help reduce carbon emissions and slow global warming. <div type="image" title="The process of producing Green Hydrogen" msid="91252763" hostid="261" caption="&amp;lt;p&amp;gt;The process of producing Green Hydrogen&amp;lt;/p&amp;gt;"></div> This green fuel can be utilised as a source of energy in transport, electricity production, and industry activity. It can power anything that uses electricity including electric vehicles and electronic devices. It can also be used as a <a href="https://telanganatoday.com/what-exactly-is-green-hydrogen-and-will-it-be-the-fuel-of-the-future">substitute </a>for natural gas for cooking and heating within homes. If the electricity needed for electrolysis is generated from renewable sources such as solar or wind, the production of green hydrogen does not emit any harmful gases unlike coal and oil. It only emits water vapour. Hydrogen is also the most <a href="https://www.precedenceresearch.com/green-hydrogen-market">abundant </a>element on the planet and offers tremendous promise for innovation. Hence, this is the most eco-friendly way of producing fuel. This is why different countries are rushing to include green hydrogen in their clean energy initiatives. Government bodies around the world have been investing time and money for research into this sustainable source of energy. And India has also taken some steps towards clean energy. According to market research and consulting organisation Precedence <a href="https://www.precedenceresearch.com/green-hydrogen-market">Research</a>, the global green hydrogen market was valued at $1.83 billion in 2021 and is expected to hit over US $89.18 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 54% from 2021 to 2030. The report goes on to say that the Asia-Pacific region is the <a href="https://www.globenewswire.com/news-release/2022/01/11/2364715/0/en/Green-Hydrogen-Market-Size-to-Surpass-US-89-18-Bn-by-2030.html">fastest </a>growing region in the green hydrogen market. <div type="image" title="Growth expectation for global green hydrogen market" msid="91252778" hostid="261" caption="&amp;lt;p&amp;gt;Growth expectation for global Green Hydrogen market&amp;lt;/p&amp;gt;"></div> Not to forget, Prime Minister Narendra Modi had announced the <a href="https://www.business-standard.com/article/economy-policy/india-can-be-global-hub-of-green-hydrogen-says-pm-narendra-modi-122030401489_1.html">Green </a>Hydrogen Policy and this target of becoming net zero carbon emission by 2070, earlier this year, with the goal of making India a "green hydrogen hub," or a prominent producer and exporter of "green hydrogen." The government policy is aimed at boosting green hydrogen production in the country, which can also reduce India’s dependence on importing over 80% of the oil and gas requirements. The policy focuses on increasing dependency on cleaner forms of energy and abandoning fossil fuels. The policy says green hydrogen and green ammonia is one of the major requirements for reduction of emissions. The government believes hydrogen can play a huge role in shifting to clean energy. It allows companies to easily set up the capacity to generate electricity from renewable sources such as solar or wind anywhere in the country. The government is also planning to bring a production-linked incentive (PLI) scheme for manufacturing electrolysers for producing green hydrogen. Large companies like Reliance Industries Limited (RIL), Adani Group, Larsen &amp; Toubro (L&amp;T) with multiple factories that release several forms of chemicals in some way or another will take advantage of the policy. In fact, they have laid out a roadmap already to enter the green hydrogen market. Huge conglomerates like RIL have their own emission target of achieving net zero carbon emissions by 2035. In June 2021, RIL had also said that it is planning to invest <a href="https://www.forbes.com/sites/yessarrosendar/2022/01/14/indian-billionaire-mukesh-ambanis-reliance-industries-to-invest-80-billion-in-renewable-energy-push/?sh=57ca8f7d7a2f">$10 billion</a> in renewable energy. To help make Gujarat net-zero carbon, Reliance proposes to invest $67.4 billion in the state over 10 to 15 years to set up a 100 gigawatt renewable energy power plant and green hydrogen ecosystem development. <ul><li>Reliance Industries has announced to produce green hydrogen and also make an electrolyser factory to manufacture green energy.</li><li>Larsen &amp; Toubro announced plans to manufacture hydrogen electrolysers in India. Recently, it entered into a pact with the Indian Institute of Technology (IIT), Bombay to carry out a joint research and develop the green hydrogen technology.</li><li>Indian Oil Corp, one of the largest fossil fuel retailers, also announced its plans to build a green hydrogen plant at its Mathura refinery in Uttar Pradesh.</li><li>GAIL plans to build India's largest green hydrogen-making plant as it looks to supplement its natural gas business with carbon-free fuel.</li><li>NTPC also plans to produce green hydrogen.</li></ul>The policy allows 25 years of free inter-state power transmission for any new renewable energy plants that produce green hydrogen for projects commissioned before June 30, 2025. This means that a green hydrogen producer will be able to set up a solar power plant and supply in states and not pay any inter-state transmission charges. Currently, green hydrogen technology is still at the stage of emergence. The country has to overcome a few barriers such as price, storage, and logistics, to ensure a smooth transition towards the green hydrogen ecosystem. Here’s an explainer video about everything green hydrogen, challenges that the world currently faces to store GH2, positives from India's Green Hydrogen policy and five stocks that will benefit from it. <div type="Youtube" id="XdyDOVojq_Y" title="5 Stocks to benefit from the Green Hydrogen Policy ft @Anshuman Sharma | What the Stonks" thumbUrl="https://i.ytimg.com/vi/XdyDOVojq_Y/mqdefault.jpg"></div>

EXPLAINED: Green hydrogen and India’s new policy around it

<ul class="summary-list"><li>Hydrogen power is an exciting form of clean energy.</li><li>But hydrogen typically needed to be produced in a lab using energy-intensive methods.</li></ul>Two scientists in France have discovered what may be the largest known deposit of a clean energy resource that could be a saving grace in mitigating <a target="_blank" href="https://www.businessinsider.com/category/climate-change">climate change</a>.Jacques Pironon and Phillipe De Donato, directors of research at France's National Centre of Scientific Research, found a deposit between 6 million to 250 million metric tons of white hydrogen, or naturally occurring hydrogen gas, <a target="_blank" href="https://www.cnn.com/2023/10/29/climate/white-hydrogen-fossil-fuels-climate/index.html">CNN</a> reported.White hydrogen is relatively new to scientists. A study in 2018 that analyzed a well in Mali producing 98% hydrogen gas brought the resource to the attention of the scientific community, CNN reported.Now, researchers across the globe are interested in white hydrogen — and it could help us "get to speed" on saving the world from the <a target="_blank" href="https://www.businessinsider.com/category/climate-change">climate crisis</a>, geochemist Viacheslav Zgonnik told CNN.<h2>What is white hydrogen and why is it special?</h2>Hydrogen energy is not a new idea — it only produces water when burned, making it an environment-friendly energy source.But until recently, scientists thought mass amounts could only be produced in a lab."If you had asked me four years ago what I thought about natural hydrogen, I would have told you, 'Oh, it doesn't exist,'" Geoffrey Ellis, a geochemist with the US Geological Survey, told CNN.And turns out, Ellis would've been wrong.White hydrogen refers to naturally occurring hydrogen. Its "color" indicates its origin: it is naturally produced in the Earth's crust.Other "shades" of hydrogen are produced in a lab. They include <a target="_blank" href="https://www.businessinsider.com/hydrogen-energy-help-climate-crisis-but-still-hurdles-2023-10">green hydrogen</a> — which is made from electrolysis, the process of splitting water into hydrogen and oxygen — and gray hydrogen, which is made from methane gas, Insider previously reported.While hydrogen is the most abundant element, it is usually attached to other molecules — making the lab production process necessary. But separating hydrogen is energy-intensive and typically powered by fossil fuels, CNN reported.Because it doesn't require any of these energy-intensive processes, climate experts say white hydrogen could be our saving grace, according to CNN. It's also cheaper: white hydrogen is estimated to cost about $1 per kilogram to produce, while green hydrogen costs about $6 per kilogram, per CNN.Several start-ups are already exploring how to commercialize white hydrogen, CNN reported.Ellis told CNN that speed is vital to ensure white hydrogen can help curb the climate crisis.But Zgonnik told CNN he's hopeful about the turnaround time."We have all necessary technology we need, with some slight modifications," Zgonnik said.The discovery of the largest-known white hydrogen deposit yet comes just months after the <a target="_blank" href="https://www.nasa.gov/news-release/nasa-announces-summer-2023-hottest-on-record/">hottest summer on global record</a> came to an end — a <a target="_blank" href="https://www.insider.com/summer-2023-heat-wave-tracker-temperature-records-2023-5">concerning milestone</a> for climate researchers and activists.

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SIMPLY PUT: Everything you need to know about green hydrogen and India’s new policy around it

EXPLAINED: Green hydrogen and India’s new policy around it

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