Decarbonising India's Industries
India has pledged to be a net zero carbon emitter by 2070. To hit that target, India's manufacturing industry, particularly the hard-to-abate sectors like steel, cement and fertilisers, will have to significantly reduce greenhouse gas emissions. This will be done by substantially expanding industry’s use of renewable energy, including green hydrogen, and through other methods to lower carbon content, including carbon capture, utilisation and storage (CCUS). Challenges include the cost of renewable fuel and CCUS installations, and how consumers will be incentivised to buy low carbon industrial products, which are likely to be more expensive as manufacturers pass on those higher costs. The steel industry – the second largest globally after China – will be a big focus. How can India assure the success of this decarbonisation drive and in so doing, transform itself into a global leader in clean technology?
In a special webinar organised ahead of the FT's inaugural Energy Transition Summit India, taking place in New Delhi in October, leading experts will discuss the most effective solutions to achieve India's decarbonisation goals, the incentives required to boost capital expenditure and the flow of external investment, and the implications for infrastructure and supply chains.
Key themes include
What is a feasible timeline for the use of green hydrogen at scale?
How important are commercial & industrial PPAs to the decarbonisation drive?
What incentives will be required to attract overseas asset owners and private equity investors?
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