Nearly 50 MMT per annum of CO2 emissions can be averted through production and use of Green Hydrogen as targeted under National Green Hydrogen Mission: New & Renewable Energy Minister – EQ Mag
The Union Minister for New & Renewable Energy and Power has informed that during the G20 Energy Transitions Ministers Meeting held on 22nd July, 2023 under India’s G20 Presidency, members discussed the importance of building a sustainable and equitable global hydrogen ecosystem that benefits all nations, and affirmed High level Voluntary Principles on Hydrogen, which inter-alia includes promotion of free and fair trade of hydrogen produced from zero and low emission technologies and its derivatives.
The Government is also cooperating with several countries bilaterally on development of green hydrogen sector.
The Union Minister informed that on 4th January 2023, the Union Cabinet approved the National Green Hydrogen Mission with an outlay of Rs. 19,744 crores. Various financial and non-financial measures have been announced under the Mission, including inter-alia, the following:
- Facilitating demand creation through exports and domestic utilization;
- Strategic Interventions for Green Hydrogen Transition (SIGHT) programme, which includes incentives for manufacturing of electrolysers and production of green hydrogen;
- Pilot Projects for steel, mobility, shipping, etc.;
- Development of Green Hydrogen Hubs;
- Support for infrastructure development;
- Establishing a robust framework of regulations and standards;
- Research & Development programme;
- Skill development programme; and
- Public awareness and outreach programme.
The Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme, is a major financial measure with an outlay of ₹ 17,490 crore. The programme consists of two distinct financial incentive mechanisms to support domestic manufacturing of electrolysers and production of Green Hydrogen. The Government has issued the Guidelines for incentive schemes for electrolyser manufacturing & for production of Green Hydrogen.
The Minister informed that the Mission is expected to lead to development of 5 MMT Green Hydrogen production capacity per annum by 2030. He said that it is estimated that nearly 50 MMT per annum of CO2 emissions can be averted through production and use of the targeted quantum of Green Hydrogen.
This information has been given by the Union Minister for New & Renewable Energy and Power Shri R. K. Singh, in a written reply to a question, in Rajya Sabha today, August 1, 2023.
