- BaaS refers to a third-party cloud service that helps enterprises in building and maintaining blockchain apps.

- Benefits of BaaS: 

  - Task Simplification: Accelerates the creation and deployment of blockchain applications.

  - Cost-Effective: Promotes cost-efficient usage of blockchain while improving services in a secure and transparent manner.

  - Operational Agility and Scalability: Enables the blockchain infrastructure to adapt to the changing application and user-driven demands.

 

International Collaboration Fuels Green Hydrogen Advancement 

Highlights from the Recently Held ICGH-2024:

- Green Hydrogen emerged as a promising energy solution at the second International Conference on Green Hydrogen 2024 (ICGH-2024) held at Bharat Mandapam, New Delhi.

- The Prime Minister of India highlighted the need for international cooperation for scaling up green hydrogen production and promoting research and development. 

- India's early accomplishments were underlined as the nation was among the first G20 members to achieve its green energy commitments under the Paris Agreement well in advance. 

- Green hydrogen was recognized as an important tool in reducing carbon emissions in tough-to-electrify industries like steel, fertilisers, and transportation. It was also recognized as a potential renewable energy storage solution.

- The importance of investment in research and development, along with fostering partnerships and promoting green hydrogen initiatives was emphasised.

 

Challenges to Green Hydrogen Promotion:

- High Production Costs: Green hydrogen production costs range from USD 3 to 8 per kilogram, significantly higher than conventional hydrogen produced from fossil fuels.

- Technology and Infrastructure: Steep costs associated with electricity for electrolysis and the need for more efficient electrolyzers.

- Resource Availability: The demand for rare metals for electrolysis and fuel cells can hamper scalability.

- Scaling Production: Meeting global green hydrogen production demands requires massive coordinated efforts.

 

How International Cooperation can Empower Green Hydrogen Promotion:

- Scaling Production: Collaborative efforts can help accelerate the process of scaling green hydrogen production technologies and bring major cost reductions.

- Economies of Scale: Shared investments and bulk purchasing can significantly bring down the costs.

- Shared Infrastructure: Collaborative hydrogen production, storage, and distribution facilities can reduce investment costs and make the technology more economically viable.

- Innovation Through Partnerships: Bringing together government, industry leaders, and research institutions on a common platform can foster innovation.

- Coherent Policies and Regulations: Shared regulatory frameworks can support green hydrogen development.

- Funding and Investment: Collective funding efforts and international investment can catalyse research in the field.

 

Conclusion: 

International cooperation is critical in promoting green hydrogen technologies. It can help overcome manufacturing and infrastructure challenges, reduce costs, and drive public acceptance. Collaborative actions can speed up the transition towards sustainable energy and maximise the potential of green hydrogen.