Representational picture solely.
| Photo Credit: Reuters
Vietnam goals to provide 1,00,000-5,00,000 metric tonnes of hydrogen a 12 months by 2030 as a part of its vitality transition efforts, based on the nation’s hydrogen improvement technique adopted earlier this month.
The output can be raised to 10-20 million tonnes by 2050, together with inexperienced hydrogen, based on a authorities doc detailing the technique reviewed by Reuters.
“The production, distribution and usage of hydrogen will help “meet the country’s national targets for climate change, green growth and to meet its net zero target by 2050,” the doc mentioned.
Hydrogen is categorised ‘inexperienced’ when it’s extracted from water utilizing electrolysis powered by renewable vitality and is seen as essential to assist decarbonise trade, although the expertise remains to be costly and at an early stage of improvement.
“The hydrogen output will partly replace natural gas and coal at power plants by 2030,” the doc mentioned, including that hydrogen can even be used for transport and for fertilizer, metal and cement manufacturing.
“By 2050, hydrogen will be responsible for 10% of the country’s electricity generation,” it added. Vietnam will mobilise each private and non-private funds for hydrogen manufacturing, together with from inexperienced bond issuance and from Just Energy Transition Partnership (JETP), a financing scheme made up of fairness investments, grants and concessionary loans from members of Group of Seven (G7), multilateral banks and personal lenders.
Source: www.thehindu.com
