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05/01/23 08:35 AM IST

Cabinet clears ₹19,744-cr National Green Hydrogen Mission

In News
  • The Union Cabinet recently approved the ₹19,744-crore National Green Hydrogen Mission with an objective to become a major exporter in the field and make India a global hub for the production, utilisation, and export of Green Hydrogen and its derivatives.
Objectives
  • Development of green  hydrogen production capacity of at least 5 MMT (Million Metric Tonne) per annum with an associated renewable energy capacity addition of about 125 GW in the country
  • Over Rs. Eight lakh crore in total investments
  • Creation of over Six lakh jobs
  • Cumulative reduction in fossil fuel imports over Rs. One lakh crore
  • Abatement of nearly 50 MMT of annual greenhouse gas emissions
Benefits
  • Creation of export opportunities for Green Hydrogen and its derivatives;
  • Decarbonisation of industrial, mobility and energy sectors; reduction in dependence on imported fossil fuels and feedstock; development of indigenous manufacturing capabilities;
  • creation of employment opportunities; and development of cutting-edge technologies. 
  • India’s Green Hydrogen production capacity is likely to reach at least 5 MMT per annum, with an associated renewable energy capacity addition of about 125 GW. 
  • Nearly 50 MMT per annum of CO2 emissions are expected to be averted by 2030.
SIGHT Programme
  • Under the Strategic Interventions for Green Hydrogen Transition Programme (SIGHT), two distinct financial incentive mechanisms – targeting domestic manufacturing of electrolysers and production of Green Hydrogen – will be provided under the Mission. 
  • The Mission will also support pilot projects in emerging end-use sectors and production pathways. 
  • Regions capable of supporting large scale production and/or utilization of Hydrogen will be identified and developed as Green Hydrogen Hubs.
Source-PIB

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