Compiled by- Yash Joshi
What is clean energy?
Renewable energy comes from sources that are constantly renewed, such as hydropower, wind power, or solar energy. Clean energy comes from generating systems that do not emit any type of pollution, particularly greenhouse gases like Co2, which are responsible for climate change.
The energy we generate powers our planet. We can provide the energy we need without the greenhouse gas emissions and unfavorable environmental consequences associated with fossil fuels, which helps to slow down climate change.
– CAN CLEAN ENERGY REPLACE FOSDERN FUELS?
Yes, in a nutshell. When is the main question. Although it won’t happen tomorrow, there is an increasing need for a complete switch from fossil fuels to clean, renewable energy.
Gautam Adani holds the third position among the top ten individuals in the world and serves as the chairman of the $21 billion (in revenue) Adani Group. Mr. Adani, a first-generation entrepreneur, is driven by the core philosophy of infusing “Growth with Goodness” through his nation-building vision. Each of the Group’s businesses focuses on helping build world-class infrastructure capabilities to help accelerate the growth of India.
Adani Group consists of 7 publicly listed entities with a combined market capitalization in excess of $242.73 billion (as of August 29, 2022) with businesses spanning Energy, Ports & Logistics, Mining & Resources, Gas, Defence & Aerospace, and Airports. The Group has established a leadership position in India in each of its business areas.
The Adani’s are in the early stages of planning a sizable renewable energy project in Morocco that would supply emissions-free power and gasoline to Europe.
In order to reveal sensitive information, those with knowledge of the project requested anonymity. Adani’s coal-to-ports company is reportedly considering building wind and solar power plants in the nation of North Africa as well as facilities to manufacture green hydrogen for export.
According to one of the people, the project, which would be the largest renewable energy development in Adan outside of India, might have a capacity of up to 10 gigawatts. That would be almost similar to Morocco’s current installed energy-producing capacity, which comprises of a combined total of around 2.8 gigawatts of wind and solar energy, according to statistics from BloombergNEF.
One of the people stated that the plant would be built in two phases, each of which would be capable of producing 5 gigawatts of power, and that it would also have plans to export some electricity to Europe in addition to delivering power locally. A second source claims that Adani is also in talks with Morocco’s state-owned OCP Group over the sale of hydrogen, which the fertiliser producer would use as a feedstock to produce ammonia that is carbon-free.
These CLEAN ENERGY facilities are urgently needed on a worldwide scale, given the pollution levels on the earth today and the recent acceleration of global warming, which is mostly attributed to the use of fossil fuels. The annual global emissions of carbon dioxide (CO2) from burning fossil fuels are estimated to be over 34 billion tonnes (Gt). Of this, around 45% comes from coal, 35% from oil, and 20% from gas. The clean energy effort is thus another effective measure against global warming.