The Union Cabinet on Wednesday accepted the ₹19,744-crore National Green Hydrogen Mission with an goal to come to be a first-rate exporter withinside the discipline and make India a international hub for the production, utilisation, and export of Green Hydrogen and its derivatives. The improvement will assist India, one of the world’s largest greenhouse fueloline emitters, obtain net-0 carbon emissions via way of means of 2070.
Briefing newshounds approximately the Cabinet outcome, Union Minister Anurag Thakur stated, “The Union Cabinet, chaired via way of means of Prime Minister Narendra Modi, has accepted National Green Hydrogen Mission.”
The preliminary outlay for the venture is saved at ₹19,744 crore. Out of this, the authorities has allocated ₹17,490 crore for the SIGHT programme, ₹1,466 for the approaching pilot projects, ₹four hundred crore for R&D, and ₹388 crore closer to different venture components.
The Centre expects the investments plan, totalling ₹eight lakh crore withinside the inexperienced hydrogen sector, Thakur stated even as talking to newshounds. The incentive objectives to make inexperienced hydrogen low-priced and convey down its value over the subsequent 5 years, the minister stated. MNRE or the Ministry of New and Renewable Energy will formulate the scheme pointers for its implementation.
The National Green Hydrogen Mission will pass a protracted manner in authorities efforts in the direction of constructing the renewable electricity capability of the country. The venture is anticipated to feature approximately a hundred twenty five GW of renewable electricity capability to the country. The addition will assist to lessen our dependence on fossil gasoline imports and via the venture, the authorities objectives to lessen gasoline imports via way of means of over ₹1 lakh crore.
The foremost goal of the authorities is to increase a inexperienced hydrogen capability of as a minimum five MMT (million metric tonnes) in keeping with annum. The Union authorities additionally expects advent of extra than 6 lakh jobs withinside the sector. In line with our Nationally Determined Contributions (NDC) objectives the authorities is calling at lowering 50 MMT of annual greenhouse fueloline (GHG) emissions.
According to the authorities, there are numerous blessings of the National Green Hydrogen Mission along with the advent of export possibilities for inexperienced hydrogen and its derivatives, decarbonization of industrial, mobility, and electricity sectors, discount in dependence on imported fossil fuels and feedstock, improvement of indigenous production capabilities, improvement of reducing area era and advent of employment possibilities withinside the electricity sector.
Companies along with Reliance Industries, Indian Oil, NTPC, Adani Enterprises, JSW Energy, ReNew Power and Acme Solar have large plans on inexperienced hydrogen.