In Short : The Avaada Group and The Climate Action Group have joined forces to organize the Hydrogen Transition Summit at the 28th Conference of the Parties (COP28). This collaboration aims to address the urgent need for transitioning to a hydrogen-based economy to combat climate change and achieve sustainable development goals.
In Detail : India : Avaada Group, a frontrunner in the integrated clean energy sector, joins hands with The Climate Group to host the 4th annual Hydrogen Transition Summit during COP28. This landmark event is set to convene at the Innovation Zone in Dubai on 7 December 2023 on the sidelines of COP28.
Through its partnership with the Hydrogen Transition Summit, Avaada Group reinforces its unwavering commitment to sustainable practices and innovative solutions. The company’s belief in the transformative potential of green hydrogen aligns with its dedication to supporting initiatives that propel the hydrogen economy forward. This year’s Summit will focus on overcoming the challenges within the hydrogen economy, identifying opportunities, and developing strategies to facilitate the rapid expansion of this critical sector.
In addition, Avaada Group is set to have a significant presence throughout COP28, marked by various thought leadership engagements. These engagements underscore the Group’s commitment to a just and equitable energy transition, accessible climate finance, and advocating for a global energy transition. Avaada’s presence at COP28 will focus on advocating for progressive policies that push the boundaries towards self-sufficiency in fuels and energy, marking a new era of innovation and sustainable development. The Group aims to elevate the narrative of a sustainable energy future, with India playing a key role. The Group envisions India as a global green hydrogen hub and a global leader in sustainable energy solutions.
COP 28 serves as an opportunity to identify global solutions for limiting global temperature rise to 1.5 degrees, inform countries’ preparations for revised and more ambitious Nationally Determined Contributions (national climate plans) due by 2025, accelerate the green transition that is already happening, and ultimately achieve the delivery of the Paris Agreement goals.
Reflecting on COP28 and Avaada’s participation, Vineet Mittal stated, “COP28 represents a crucial juncture for global collaboration and commitment against climate change. As a key player in this dialogue, India stands at the forefront of hydrogen adoption. COP28 and the Hydrogen Transition Summit provide an unparalleled platform to address the various intricacies of climate change and energy transition, which are central to achieving the global aspirations of the Paris Agreement. Energy transition is critical to unlocking progress towards the 1.5-degree goal and is the key to unlocking a sustainable and resilient future.”
About Avaada Group:
Avaada Group is a visionary energy conglomerate with a presence across the entire spectrum of the energy transition value chain, including the production of Solar Modules, Renewable Power Generation, and the development of Green Hydrogen, Green Methanol, Green Ammonia, and Sustainable Aviation Fuel. Under the astute leadership of Mr Vineet Mittal, the group has established itself as a significant player on the global energy stage. Avaada Energy, the group’s flagship arm for renewable power generation, is on track to reach an impressive 11 GW of installed capacity by 2026. With its robust execution capabilities and a solid track record, Avaada has earned the trust of international investors, as evidenced by the recent successful equity raise and received commitment of US $1.3 Billion, including a US $1 Billion investment from Brookfield’s Energy Transition Fund and $300 million from GPSC, PTT Group of Thailand.