Green Hydrogen Initiatives for Sustainable Economic Development in Sri Lanka: A View from Global Policy Communication

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Abstract

Sri Lanka is exploring sustainable energy solutions to meet increasing energy demands through mitigating the impact of climate change. The present heavy reliance on imported fossil fuels by the country makes it vulnerable to global price fluctuations and supply disruptions in global geopolitical changes. As a pre-merging economy, Sri Lanka stands to benefit significantly from adopting the regulatory frameworks, including the sound policies focused on green hydrogen, despite it being in the initial stage of basic research in the country but having the potential to climb to the R&D economic contribution on a long-term basis. Promoting a hydrogen economy within a robust policy framework and incentives can enable job creation, attract direct foreign investment, and thereby foster innovation in clean energy technologies. Transitioning to green hydrogen has a strong promise to position Sri Lanka as a proactive player in the global shift towards sustainability in the economies. The implications of sound policies to harness the green hydrogen spillovers and spinoffs are not only a strategic imperative but also a pathway to ensuring a resilient and prosperous future for the nation.

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