A Comprehensive Analysis Of Production, Utilization And Future Prospects For Green Hydrogen For A Sustainable Future

Authors

  • Nitin Gupta Professor, Mittal School of Business, Lovely Professional University, Jalandhar
  • Parminder Kaur Bajaj Professor, Jagan Institute of Management Studies, Delhi

DOI:

https://doi.org/10.33516/maj.v58i10.50-53p

Keywords:

No Keywords

Abstract

The electrolysis of renewable energy sources to produce green hydrogen has emerged as a promising strategy for addressing climate change and transitioning to a sustainable energy future. This study thoroughly analyses the concept of green hydrogen and its potential to revolutionize multiple industries, thereby nurturing a better future. Results pointed out that in India, there is an imperative need for sustainable alternatives to conventional fossil fuels to overcome the greenhouse effect to alleviate the negative consequences of the emissions of greenhouse gases and the warming planet. This study has significant implications for understanding the concurrent government policy to promote green hydrogen and overcome the challenges of hydrogen production and application.

Downloads

Download data is not yet available.

Downloads

Published

2024-03-23

How to Cite

Gupta, N., & Bajaj, P. K. (2024). A Comprehensive Analysis Of Production, Utilization And Future Prospects For Green Hydrogen For A Sustainable Future. The Management Accountant Journal, 58(10), 50–53. https://doi.org/10.33516/maj.v58i10.50-53p

Issue

Volume 58, Issue 10, October 2023

Section

Cover Story
Crossref
Scopus
Google Scholar
Europe PMC

References

Chen, W.-F., Wang, C.-H., Sasaki, K., Marinkovic, N., Xu, W., Muckerman, J. T., Zhu, Y., &Adzic, R. R. (2013). Highly active and durable nanostructured molybdenum carbide electrocatalysts for hydrogen production. Energy & Environmental Science, 6(3), 943–951.

Jain, R. (2023). Business Insider. https://www.businessinsider.in/ finance/news/india-to-double-itseconomy-to-7-trillion-by-2030/ articleshow/99381185.cms 3. Kumar, S. (2023). How green hydrogen can help India achieve its net zero ambition [Consulting]. EY. https://www.ey.com/en_in/ energy-resources/how-greenhydrogen-can-help-india-achieveits-net-zero-ambition

PIB. (2022). Consumption of petroleum products and natural gas in the country, during FY 2021-22, was 204.23 MMT and 63.91 Billion Cubic Meters (BCM) respectively [Press proceeding]. PIB, Delhi. https:// pib.gov.in/Pressreleaseshare. aspx?PRID=1848345

Pudukudy, M., Yaakob, Z., Mohammad, M., Narayanan, B., &Sopian, K. (2014). Renewable hydrogen economy in Asia – Opportunities and challenges: An overview. Renewable and Sustainable Energy Reviews, 30, 743–757. https://doi. org/10.1016/j.rser.2013.11.015

Roy, S. (2023). Green Hydrogen adoption in India – Opportunities, challenges and the way ahead—ET EnergyWorld. ETEnergyworld.Com. https:// energy.economictimes. indiatimes.com/news/renewable/ green-hydrogen-adoption-inindia-opportunities-challengesand-the-way-ahead/100177937

Sharma, S. (2023). India reliance on imported crude oil at record high of 87.3% in FY23 | Business News,The Indian Express. https://indianexpress.com/ article/business/commodities/ india-reliance-on-importedcrude-oil-at-record-high-of-87-3- in-fy23-8573996/

Varadhan, S. (2023, January 9). India’s thermal coal imports up nearly 15% in 2022—Coalmint | Reuters. https://www.reuters. com/world/india/indias-thermalcoal-imports-up-nearly-15-2022- coalmint-2023-01-09/

Kumar, A., Sidhu, A., & Singh, U. P. (2023). India’s Renewable Energy Preparedness: Assessing the Viability of Bioethanol as a Key Element in the Green Energy Transition. The Management Accountant l, 58(6), 52-55.

Kakran, S., Sidhu, A., Kumar, A., Youssef, A. B., & Lohan, S. (2023). Hydrogen energy in BRICS-US: A whirl succeeding fuel treasure. Applied Energy,334, 120670.

Pal, A., Kakran, S., Kumar, A., Youssef, A. B., Singh, U. P., & Sidhu, A. (2023). Powering squarely into the future: A strategic analysis of hydrogen energy in QUAD nations. International Journal of Hydrogen Energy.