Denmark announces alliance for green fuels in India
Maersk, one of the founding members of Green Fuels Alliance India, will represent the maritime industry
Denmark has announced its Green Fuels Alliance India (GFAI) initiative in a bid to boost collaborative efforts between the two countries in the sustainable energy solutions sector and advance their joint global goal towards carbon neutrality.
Led by the Danish Embassy and the Consulate General of Denmark in India, the new alliance is poised to advance the green fuels sector, including green hydrogen, says an official release from Maersk.
"GFAI's primary objective is to promote sustainable energy growth in India by establishing an ecosystem that encourages collaboration among businesses, government entities, research institutions, and financial stakeholders from both the Indian and Danish sectors."
Nine Danish organisations already committed to the GFAI initiative as founding members include Maersk, Topsoe, Umwelt Energy, Mash Makes, European Sustainable Solutions, Novozymes, Danfoss, Brdr. Christensen and Hydrogen Denmark, the release added. "The GFAI advisory board members include India Hydrogen Alliance, Energy Consortium at the Indian Institute of Technology Madras, the Danish Energy Agency and State of Green."
Freddy Svane, Ambassador of Denmark to India, says: “Our planet needs action. The Tamil Nadu investors summit is happening at this very important junction. Danish companies bring skills to the green transition globally. Happy to see the special efforts through the Green Strategic Partnership to inspire India in her endeavours of greening its development. The Green Fuels Alliance India is powering initiatives within the energy transition. May our joint contributions be significant and inspirational."
Morten Bo Christiansen, Head of Energy Transition, Maersk adds: "The availability of green energy and green fuel in sufficient quantities at cost-competitive price levels is the single largest challenge to the global shipping’s net-zero journey. India has excellent conditions for renewable energy production and ambitions to be a global leader in the green energy value chain. Drawing on our more than 100 years of business relations with the nation, we are very excited to join the involved Indian and Danish stakeholders as a founding member of the Green Fuels Alliance India (GFAI)."
As green fuels gain prominence in India, GFAI will facilitate knowledge sharing, business opportunities, and strategic and financing partnerships between Indian and Danish actors in the field of green fuels, including Green Hydrogen.
Maersk has set a Net-Zero greenhouse gas emissions target for 2040 across the entire business and has also set tangible and ambitious near-term targets for 2030 to ensure progress, the release added.