CURRENT AFFAIRS

Detailed explanation-1: -India set to organise a 2-day summit on Green Hydrogen Initiatives involving BRICS nations.

Detailed explanation-2: -India has announced a $2.3 billion plan to promote “green hydrogen” – hydrogen produced with renewable energy – which experts say could be the clean fuel of the future. The initiative could help the world’s third-largest emitter of greenhouse gases reach its goal of net zero carbon emissions by 2070.

Detailed explanation-3: -Prime Minister laid the foundation stone of the Green Hydrogen Mobility Project in Leh which is a pilot project and aims for five Fuel Cell Buses to be run in and around Leh. This pilot project would be the first deployment of Fuel Cell Electric Vehicles for public use in India.

Detailed explanation-4: -Green hydrogen is a zero-carbon fuel made by electrolysis, using renewable power from wind and solar to split water into hydrogen and oxygen. India’s top refiner Indian Oil Corp (IOC. NS), top power utility NTPC Ltd (NTPC. NS) and conglomerates including Reliance (RELI.

Detailed explanation-5: -Why focus is on green hydrogen? BRICS countries are focusing on green hydrogen because it has a great potential to ensure sustainable energy supply, increase level of energy availability and minimize negative impact on environment.