Indian PSU refiners to set up 137,000 tonnes per annum green hydrogen facility by 2030
Indian PSU refiners to set
up 137,000 tonnes per annum green hydrogen facility by 2030
Why In News
The public sector oil
refineries in India are estimated to build green hydrogen capacity of 137,000
(1.37 lakh) tonnes per annum (TPA) by 2030.
Key Points
·
The
public sector oil refineries in India are estimated to build green hydrogen
capacity of 137,000
(1.37 lakh) tonnes per annum (TPA) by 2030. If fructified, besides
boosting the economy with investments and jobs, this massive capacity building
in the green hydrogen sector would reduce greenhouse gas emissions in a large
way.
·
Dr
S S V Ramakumar, Director of R&D, Indian Oil Corporation has revealed the
above information while speaking at the India Energy Week in Bengaluru.
·
He
said that Indian Oil would first put up a seven thousand TPA electrolysis plant
at its Panipat refinery. Also, Dr Ramakumar opined that biomass gasification is
a better way of producing green hydrogen in India.
Green Hydrogen: Fuel of the future:
·
Hydrogen,
like electricity, is an energy carrier that must be produced from another
substance. Hydrogen can be produced from a variety of sources including water,
fossil fuels, or biomass and used as a source of energy or fuel.
·
Hydrogen
has the highest energy content of any common fuel by weight (about three times
more than gasoline), but it has the lowest energy content by volume (about four
times less than gasoline).
·
Hydrogen
and Ammonia
are envisaged to be the future of fuels and are envisaged to replace fossil
fuels in the years to come.
·
Depending
on the nature of the method of its extraction, hydrogen is categorised into
three categories, namely, grey, blue and green.
·
There
is a growing focus on increasing production of green and blue hydrogen
due to its no carbon emission and use of carbon offset technology,
respectively.
·
The
cleanest one of all is ‘green’ hydrogen, which is generated by renewable
energy sources without producing carbon emissions in the first place.
Prime Minister Narendra Modi to Inaugurate National Aadi Mahotsav
Prime Minister Narendra Modi
to Inaugurate National Aadi Mahotsav
Why In News
Prime Minister
Narendra Modi inaugurated the National Aadi Mahotsav on 16th February 2023 at
Major Dhyan Chand National Stadium, New Delhi.
Key Points
·
Prime
Minister Narendra Modi inaugurated the National Aadi Mahotsav on 16th February 2023 at
Major Dhyan Chand National Stadium, New Delhi. This was announced at a media
briefing by the Union Minister of Tribal Affairs, Arjun Munda in New Delhi.
·
Minister
of State for Tribal Affairs, Renuka Saruta was also present on the occasion.
Arjun Munda also informed that the Prime Minister will be given an overview of
the products which will be on display at various stalls and will engage with
the artisans and the craftsmen from the tribal communities.
·
The
Minister further informed that the Tribal Affairs Ministry is making all-out
efforts to ensure full participation and involvement of the tribal communities
in realizing the Prime Minister’s vision of Aatma Nirbhar Bharat.
·
He
also said that the emphasis on the organic production of products by the tribal
communities can play a big role in combating the challenge of global warming.
·
The
Minister noted that an effort has been made to draw more and more artisans from
remote areas producing lesser-known and unique items to come and take part in
Aadi Mahotsav being organized across the country.
·
He
also added that the Aadi Mahotsav is a major platform to catapult the tribal
products into national and international markets.
·
TRIFED is engaging with top
designers to ensure quality and contemporary designs in tribal products, at the
same time maintaining their originality.
·
The
present edition of the flagship event of TRIFED has the theme of “A Celebration
of the Spirit of Tribal Crafts, Culture, Cuisine, and Commerce”, which
represents the basic ethos of tribal life.
·
The
festival will feature exhibition-cum-sale of tribal handicrafts, handloom,
paintings, jewelry, cane & bamboo, pottery, food & natural products,
gifts & assortment, tribal cuisine, and much more through 200 stalls to
showcase this.
·
More
than 1000 tribal
artisans and artists from 28 States/UTs will be participating in the festival.
This includes tribal cooks from 19 States/UTs for which 20 food
stalls are being set up.
·
Millets
have been an integral part of the diet of tribal communities. United Nations,
at the behest of the Government of India, has declared 2023 the International
Year Millets.
·
To
commemorate this and create awareness and increase the production &
consumption of tribal millets, tribal artisans from across the country are
invited to display & sell millet products and cuisines.
World Bank chief David Malpass to step down early
World Bank chief David
Malpass to step down early
Why In News
World Bank chief
David Malpass has announced his resignation nearly a year early. He ending a
tenure at the head of the development lender that was clouded by questions over
his climate stance.
Key Points
·
World
Bank chief David
Malpass has announced his resignation nearly a year early. He ending
a tenure at the head of the development lender that was clouded by questions
over his climate stance.
·
The
veteran of Republican administrations in the United States was appointed to the
role in 2019 when Donald Trump was president and previously served as Under
Secretary of the Treasury for international affairs.
·
Malpass’s
term would have originally ended in 2024.
·
The
US traditionally nominates the head of the World Bank, with Europe nominating
the heads of its twin Bretton Woods institution, the International Monetary
Fund.
·
Names
mentioned by analysts as potential Biden administration picks include Samantha
Power, head of the the US Agency for International Development, and Rajiv Shah,
the president of the Rockefeller Foundation and a former head of USAID.
·
His
tenure at the World Bank saw the organization grapple with global crises such
as the Covid-19 pandemic, the Russian invasion of Ukraine and an international
economic slowdown.
·
Under
(Malpass’s) leadership, the Bank Group more than doubled its climate finance to
developing countries, reaching a record $32 billion last year
·
His
work to assist the Afghan people and his commitment to helping low-income
countries achieve debt sustainability through debt reduction.
·
As
head of the anti-poverty lender, he pressured Beijing to provide more debt
relief for developing nations.
What is World Bank and how it works?
·
The
World Bank is a vital source of financial and technical assistance to
developing countries around the world.
·
They
are not a bank in the ordinary sense but a unique partnership to reduce poverty and
support development.
·
The
World Bank Group comprises five institutions managed by their member countries.
The World Bank promotes long-term economic development and poverty reduction by
providing technical and financial support to help countries implement reforms
or projects, such as building schools, providing water and electricity,
fighting disease, and protecting the environment.
5 branches of World Bank
·
IBRD: The International
Bank for Reconstruction and Development
·
IDA: The International
Development Association
·
IFC: The International
Finance Corporation
·
MIGA: The Multilateral
Investment Guarantee Agency
·
ICSID: The International
Centre for Settlement of Investment Disputes.