Cabinet approves National Green Hydrogen Mission
The National Green Hydrogen Mission has been authorized by the Union Cabinet, which is presided over by the Honorable Prime Minister Shri Narendra Modi. A total of Rs. 19,744 crore will be spent on the Mission’s initial outlay, of which Rs. 17,490 crore will go toward the SIGHT programme, Rs. 1,466 crore to pilot projects, Rs. 400 crore to research and development, and Rs. 388 crore to other Mission components. MNRE will develop the plan’s implementation guidelines for each component.
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National Green Hydrogen Mission
By 2030, the Mission will probably produce the following results:
Construction of a green hydrogen manufacturing facility with an annual capacity of at least 5 MMT (million metric tonnes) and an additional 125 GW of renewable energy in the nation.
Over Rs. 8 lakh crore has been invested overall.
Creating more than 6 lakh employment
Reduction in fossil fuel imports of more than Rs. 1 trillion cumulatively
Reduction of annual greenhouse gas emissions by around 50 MMT
The Mission will have numerous positive effects, including the development of export markets for Green Hydrogen and its derivatives, the decarbonization of the industrial, transportation, and energy sectors, a reduction in reliance on foreign imports for feedstock and fossil fuels, the improvement of domestic manufacturing capabilities, the creation of job opportunities, and the advancement of cutting-edge technologies. India’s potential to produce green hydrogen is anticipated to increase to at least 5 MMT annually, adding an additional 125 GW of renewable energy capacity in the process. By 2030, the goals should generate over Rs. 8 lakh crore in investments and more than 6 lakh new jobs. By 2030, it’s anticipated that CO2 emissions would be reduced by close to 50 MMT annually.
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