India and Germany Launch Green Hydrogen Roadmap

Hydrogen H2 Filling Nozzles are plugged into a hydrogen filling station for trucks and cars in Berlin, Germany January 11, 2023. REUTERS/Michele Tantussi/ File Photo
Hydrogen H2 Filling Nozzles are plugged into a hydrogen filling station for trucks and cars in Berlin, Germany January 11, 2023. REUTERS/Michele Tantussi/ File Photo
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India and Germany Launch Green Hydrogen Roadmap

Hydrogen H2 Filling Nozzles are plugged into a hydrogen filling station for trucks and cars in Berlin, Germany January 11, 2023. REUTERS/Michele Tantussi/ File Photo
Hydrogen H2 Filling Nozzles are plugged into a hydrogen filling station for trucks and cars in Berlin, Germany January 11, 2023. REUTERS/Michele Tantussi/ File Photo

Germany and India plan to strengthen their cooperation in the field of hydrogen, which stands as a beacon of hope for clean energy, especially if renewable energy sources are used in its production.
Both countries have signed a green hydrogen roadmap on the research and development of hydrogen on the sidelines of Germany-India government consultations in New Delhi.
“The hydrogen roadmap does not mean that the governments will do everything, rather they have defined various work areas that are now being attended to,” German Economy Minister Robert Habeck said.
“But in the end, scientists, students and businesses must now get on board,” he said, adding that over the longer term, hydrogen had to justify itself on the market.
The German government is planning for hydrogen to generate between 95 and 130 terawatt-hours of power per year by 2030 – equivalent to more than 3 million tons of hydrogen, under the assumption that between 50% and 70% of this will have to be imported.
For its part, India aims to increase hydrogen production capacity to an annual 5 million tons per year by the end of this decade.
The roadmap aims to connect private sector companies, promote cooperation in research and development, and coordinate on legislation. The construction of terminals in India for the export of green ammonia is also to be supported.
The roadmap can be seen as a declaration of intent and does not include specific financing commitments. The two countries have had an energy partnership since 2006.

 



Sultan of Oman Stresses Private Sector’s Role, Alongside Government, in Employing Citizens

Sultan Haitham bin Tariq met on Monday at Al-Baraka Palace with business leaders, owners of SMEs, and startup representatives. (ONA)
Sultan Haitham bin Tariq met on Monday at Al-Baraka Palace with business leaders, owners of SMEs, and startup representatives. (ONA)
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Sultan of Oman Stresses Private Sector’s Role, Alongside Government, in Employing Citizens

Sultan Haitham bin Tariq met on Monday at Al-Baraka Palace with business leaders, owners of SMEs, and startup representatives. (ONA)
Sultan Haitham bin Tariq met on Monday at Al-Baraka Palace with business leaders, owners of SMEs, and startup representatives. (ONA)

Sultan Haitham bin Tariq of Oman emphasized the role of the private sector in creating job opportunities for Omanis, urging businesses to make use of the economic incentives provided by the government to support local employment.
During a meeting on Monday at Al-Baraka Palace with business leaders, owners of small and medium enterprises, and startup representatives, Sultan Haitham affirmed that addressing unemployment is the top priority for the government.
He underscored the private sector’s responsibility to join efforts with the government in providing employment, training, and development for citizens by leveraging government incentives, programs, and initiatives aimed at supporting the private sector.
Discussing the banking sector, he highlighted its importance as a “cornerstone of modern economies and a key player in economic growth and shaping the business environment.”
The Sultan also pointed to the adoption of the national policy on local content, which aims to enhance the competitiveness and growth of the national economy. He stressed the importance of the private sector’s role in advancing this policy by localizing industries, prioritizing local products in purchasing and tenders, thereby creating job opportunities for Omanis, reducing import dependence, boosting exports, and increasing the GDP.
Sultan Haitham reviewed Oman’s financial and economic performance, noting the positive outcomes achieved through effective government-private sector partnerships. These partnerships have contributed to GDP growth and the continued improvement of Oman’s credit rating, which in turn enhances business and investor confidence, creating an attractive investment climate that supports the growth of various economic sectors.
He also called for strengthened partnerships between the government and private sector to ensure a favorable environment for investment and local economic development.
Sultan Haitham commended the efforts of the Financial and Economic Committee in the Council of Ministers, the Ministry of Commerce, Industry and Investment Promotion, and the Authority for Small and Medium Enterprises Development.
In coordination with the Oman Chamber of Commerce and Industry, these entities hold regular meetings with business leaders and investors to continuously address the challenges facing the private sector, particularly small and medium enterprises, and work towards viable solutions.