On Wednesday, the Union Cabinet approved the National Green Hydrogen Mission, which aims to establish India as a global hub for the production, utilization, and export of such technologies.
- The green hydrogen mission will gradually lead to the decarbonization of industrial, transport, and energy sectors; a reduction in dependence on imported fossil fuels, among others.
India meets a sizable portion of its energy needs through imports, and this green hydrogen mission is seen as an avenue to reduce the dependence of imported fuel.
#Cabinet approves National Green Hydrogen Mission
— Satyendra Prakash (@DG_PIB) January 4, 2023
Mission aims to make India a Global Hub for production, utilization and export of Green Hydrogen and its derivatives#CabinetDecisions pic.twitter.com/opw8xDULT8
The mission's initial financial outlay is Rs 19,744 crore, which includes research and development activities.
- Under this mission, the government aims to raise annual green hydrogen production to 5 million tonnes, renewable energy capacity addition of about 125 gigawatts, attract over Rs 8 lakh crore in investments, lakhs of jobs, and most importantly over Rs 1 lakh crore cumulative reduction of fossil fuel imports.
The mission is expected to help in reducing greenhouse gas emissions by nearly 50 million tonnes.
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