The pressing need for climate-friendly energy is omnipresent. While renewable sources like solar and wind power have become economically viable and readily available, the challenge of energy storage and shipping has remained daunting.

That has changed.

Recent advances in green hydrogen ecosystems not only enable easier and more cost-effective handling of the energy carrier, but also open up vast opportunities for the Global South.

India as a case in point

India has clearly stated its ambition to become a global hub for green
hydrogen production and export. In
August 2023, India for the first time set national standards for green hydrogen, placing limits on emissions for renewable- powered hydrogen production from biomass and electrolysis. It has also organized a cross-ministerial administrative structure for rapid development and deployment.

Limited access to global capital

Despite the obvious advantages, investors in the Global North have been reluctant to commit to the South.

We know the advancement in technology is not enough. To fulfill the promise and potential of green hydrogen, we need to ensure smooth capital flow to fund this sustainable future energy source. Our Duty of Care demands that we deploy the resources and capital at our disposal to make the future livable for the generations that will follow us. We aim for a future that works for all of us: the good of the many, not the few. We would be pleased to discuss the mechanisms we propose to achieve this essential objective.

These models are adaptable and scalable, offering the countries of the Global South a chance to leap ahead of traditional fossil fuel economies toward a sustainable future.