Green Hydrogen Economy in GGGI Member Countries

The major and emerging economies of the world are looking for a transformation in the energy landscape towards clean energy, to achieve long-term energy and environmental security. As more and more countries are announcing pledges to achieve net- zero emissions by 2050, the focus is evolving beyond greening/ decarbonizing the electricity sector towards tackling hard-to-abate emissions sources/sectors. Hard-to-abate emissions sources/sectors include iron and steel production, aviation, shipping, chemicals, and petrochemicals manufacturing, and heavy freight transport, among others. Green hydrogen is a leading option for reducing the hard-to-abate emissions; technically hydrogen can also be converted into “drop-in” fuels, which is particularly attractive for the hard-to-abate sectors.

The aim of the session was to share briefings about the GGGI’s Global Green Hydrogen program, our initiatives, and to synergize efforts to bring Green Hydrogen to the forefront of countries’ efforts to meet the emission reduction targets. The benefits of this global program will be available to all GGGI member nations. The session had participation from governments, industries, and finance sectors to discuss country-specific policies, technologies, business models, and the availability of finance facilities for the Green Hydrogen sector. This session helped map the challenges and opportunities associated with the various levels of the ecosystem. Recent developments in the sector globally were also covered.