G20 High Level Voluntary Principles on Hydrogen
- G20 Leaders Reach Agreement on Renewable Energy Targets
This topic of “G20 High Level Voluntary Principles on Hydrogen” is important from the perspective of the UPSC IAS Examination, which falls under General Studies Portion.
What are the G20 High-Level Voluntary Principles on Hydrogen?
The G20 High-Level Voluntary Principles on Hydrogen are guiding principles aimed at fostering international collaboration and cooperation in the development and utilization of hydrogen as a renewable energy source. These principles are a part of the G20 New Delhi Leaders Declaration, highlighting the commitment of G20 nations to promote sustainable and equitable hydrogen ecosystems.
Highlights of the Voluntary Principles
Collaboration Encouragement
- Development of National Standards: Encouraging the development of national standards for hydrogen production and utilization.
- Globally Harmonized Approach: Promoting a globally harmonized approach to hydrogen certification, particularly for hydrogen generated from zero and low emission technologies, as well as its derivatives like ammonia.
Trade Promotion
- Alignment with WTO Rules: Ensuring that the trade of hydrogen and its derivatives produced from zero and low emission technologies aligns with the rules of the World Trade Organization (WTO). This is supported by resilient and diversified supply chains.
Technological Acceleration
- Technological Innovation: Encouraging technological innovation in the hydrogen sector, including advancements in business models and collaborative research and development (R&D).
- Enhanced International Cooperation: Fostering international cooperation in research and development efforts related to hydrogen technologies.
Investment Promotion
- Investment Mobilization: Promoting the mobilization of investments to support the development of hydrogen infrastructure, production, utilization, and global trade of hydrogen and its derivatives from zero and low emission technologies.
- Finance Mobilization: Encouraging financial support for hydrogen-related projects and initiatives.
Information Sharing Support
- Voluntary Information Sharing: Encouraging the voluntary sharing of information among G20 nations regarding hydrogen production, utilization, and related technologies.
- Cooperation and Dialogue: Facilitating cooperation and dialogue among G20 countries to exchange knowledge and best practices in hydrogen development.
- Capacity Building: Supporting capacity building efforts in the field of hydrogen production, utilization, and derivatives from zero and low emission technologies.
Why the G20 High-Level Voluntary Principles on Hydrogen?
The Goal
The goal of these principles is to build a sustainable and equitable global hydrogen ecosystem that benefits all nations. By fostering international collaboration and setting guidelines for the development and utilization of hydrogen, G20 nations aim to contribute to net-zero greenhouse gas emissions and carbon-neutral pathways.
Additional Facts
- Green Hydrogen Innovation Centre: The G20 New Delhi Leaders Declaration makes mention of the Green Hydrogen Innovation Centre, which is steered by the International Solar Alliance. This center is likely to play a crucial role in advancing green hydrogen technologies.
The G20 High-Level Voluntary Principles on Hydrogen represent a significant step towards the global adoption of hydrogen as a clean and renewable energy source. By encouraging collaboration, trade, technological innovation, investment, and information sharing, these principles pave the way for a sustainable hydrogen future that contributes to a greener planet.
