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Climate change is the issue of our times and businesses have key responsibility to mitigate the risks. This responsibility was well acknowledged at CoP 26 at Glasgow, and climate response actions have accelerated since then. According to the Net Zero Tracker, more than 136 countries have announced Net Zero targets and corporates, banks and financial institutions are following suit.

Climate response is complex. Corporates require actions on their own part across organisational functions and for direct and extended supply chains. It is difficult to understand granularly where action has to be focused and prioritised to genuinely reduce the emissions footprint.

Rapid decarbonisation is one the principal levers for mitigating climate change. In itself, decarbonisation is a large theatre with numerous fields of play covering corporate strategy, products and solutions innovations, technology, supply chains, etc. Decarbonisation at scale has to address issues related to fuel and feedstock, often rapidly altering large and well-established mechanisms. In all decarbonisation – and more broadly ESG – is set to transform organizations.

In order to bring together all these diverse needs and asks of industry, governments, society and other stakeholders, KPMG is setting up global decarbonisation hubs across seven regions/countries across the world, including the India decarbonisation hub.

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India’s Green Hydrogen Ambition - Setting the wheels in motion

Green hydrogen and its derivatives are poised to enable the decarbonisation of hard-to-abate sectors owing to their versatility enabling its use in several applications. Growing demand for hydrogen globally and in India is expected to offer a significant opportunity for low-carbon production routes of hydrogen such as through water electrolysis, powered by clean energy. Many countries have formulated, or are in the process of, their low-carbon hydrogen economies. The PoV reviews these hydrogen markets. India, with around 6.7 million tons per annum (MTPA) of hydrogen consumption currently, uses hydrogen mainly as an industrial feedstock in the creation of ammonia-based fertilizers and in refineries. In February 2022, the Government of India launched the first phase of the Green Hydrogen Policy, targeting a 5 MTPA green hydrogen production by 2030, both for domestic consumption as well as for exports. The PoV highlights the key policy initiatives, and reflects on some critical elements that the policy can address in the next phases. The PoV also presents strategies to reduce green hydrogen production costs.

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India decarbonisation hub concept

The India decarbonisation hub will bring together the most advanced skills, capabilities and knowledge from across a dozen functions in KPMG in India and also from partners and associates. It will accelerate transition by enabling delivery of innovative and leading services and solutions. Through the hub’s initiatives, we will invest in transformative methodologies and technologies. Digital technologies will be at the heart of the hub delivery engine.

The hub will provide businesses and wider institutions tangible business and social outcomes, smart visualisation for control, accountability and credibility of actions and transformation and change management through ease of adoption.

India decarbonisation hub concept

Our Offerings and Our Clients

Climate Strategy and Implementation
Low carbon finance
Energy efficiency/Demand side
Energy and Environment Markets
Decarbonisation Digital Program
Smart/resilient grids
Just Transition
Climate Assurance
Transactions

Government

 

Industry

 

Financiers

 

Utilities and Service providers

 

Key client questions

Key client questions