India's Potential in E-Fuels: A Path to Global Leadership
Key Ideas
- Indian e-fuel market projected to reach USD 464.9 billion by 2050, with the potential to lead globally in e-fuel production.
- E-fuels offer low-emission solutions in transport, with relevance for aviation and existing infrastructure.
- India and Denmark collaborating on green fuels, including green hydrogen, to advance joint global goals towards carbon neutrality.
- Challenges in bioenergy investments in India include feedstock availability, quality, price, and stability of supply.
According to a study by Grand View Research, the Indian e-fuel market is set to grow significantly, reaching USD 464.9 billion by 2050. Danish ambassador H.E Rasmus Abildgaard Kristensen sees India as a potential global hub for e-fuels due to its geographical advantages. E-fuels, defined by the International Energy Agency and S&P Global Ratings, offer low-emission solutions, particularly beneficial in aviation. Denmark and India have agreed to collaborate on green fuels, including green hydrogen, to work towards carbon neutrality. Despite the promising future of e-fuels, challenges remain in bioenergy investments in India, including feedstock availability, quality, price, and stability of supply. The ambassador also highlighted the potential for collaboration between India and Denmark in offshore wind energy, with Denmark's expertise in offshore operations complementing India's emerging sector. This partnership aims to improve renewable energy integration into the grid and explore opportunities in offshore wind energy.
Topics
India
Aviation
Renewable Energy
Offshore Wind
Collaboration
Sustainable Solutions
Green Fuels
Bioenergy
Infrastructure Modernisation
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