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.

 



Saudi Red Sea Authority, Insurance Authority to Launch Saudi 1st Coastal Tourism Insurance Product

Saudi Red Sea Authority, Insurance Authority to Launch Saudi 1st Coastal Tourism Insurance Product
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Saudi Red Sea Authority, Insurance Authority to Launch Saudi 1st Coastal Tourism Insurance Product

Saudi Red Sea Authority, Insurance Authority to Launch Saudi 1st Coastal Tourism Insurance Product

The Saudi Red Sea Authority (SRSA) and the Insurance Authority have signed a cooperation agreement to launch insurance products that cover risks associated with all coastal tourism activities through local insurance companies, according to a press release issued by SRSA.
This initiative aims to enhance the appeal of coastal tourism, attract participants in navigational and marine tourism activities, and strengthen local content in alignment with Saudi Vision 2030, SPA reported.
The agreement was signed by SRSA CEO Mohammed Al Nasser and Insurance Authority CEO Eng. Naji Al-Faisal Al-Tamimi.
The release noted that the launch of these insurance products aligns with SRSA's mandate to promote navigational and marine tourism, providing a comprehensive tourism experience and establishing a model infrastructure that attracts investment in the sector.
The Insurance Authority is similarly committed to fostering industry growth and development by coordinating with other government entities to enhance its activities through a range of innovative insurance products that stimulate and protect investments.
In partnership with the Insurance Authority, SRSA held a series of meetings with insurance companies to develop these products, aiming to enhance the appeal of navigational and marine tourism activities—including sailing, kayaking, water skiing, diving, boating, and surfing—to better serve practitioners' needs.
SRSA began its efforts to build and regulate the coastal tourism sector in 2021, with objectives that include enhancing integration among relevant entities by issuing licenses and permits, developing policies and strategies, determining infrastructure requirements, preserving the marine environment, enabling small and medium-sized enterprises (SMEs), and promoting navigational and marine tourism activities, thereby adding value to the national economy.
Established by Cabinet Resolution No. 85 on August 15, 2023, the Insurance Authority is responsible for organizing, stabilizing, and developing Saudi Arabia's insurance sector. Benefiting from legal personality, financial and administrative independence, and organizational affiliation with the Prime Minister, the Authority is dedicated to increasing insurance awareness, safeguarding the rights of the insured and beneficiaries, contributing to financial stability, and reinforcing the principles underlying insurance contractual relationships.