The Cabinet has sorted India’s Rs 20,000cr National Green Hydrogen Mission to turn the country into a green hydrogen hub. What is green hydrogen, what advantages does it have, and what will the government’s Mission entail? Hon’ble Prime Minister Shri Narendra Modi, has approved this mission to outlay Rs. 19,744 crores, including an outlay of Rs.17,490 crore for the ‘SIGHT’ programme, Rs.1,466cr for pilot projects, Rs.400cr for R&D and Rs. 388 crores towards other Mission components. MNRE will formulate the scheme guidelines for the implementation of the respective components. MNRE will formulate the scheme guidelines for the implementation of the respective components.
Mission’s outcomes by 2030:
- Development of green hydrogen production capacity of at least 5 MMT per annum with additional renewable energy capacity addition of about 125 GW in the country
- Rs. 8,00,000 cr in total investments
- Providing over six lakh jobs
- Fossil fuel imports of over Rs.1,00,000
- Nearly 50 MMT of annual greenhouse gas emissions
The mission exhibits wide-ranging benefits- the creation of extreme opportunities for Green Hydrogen and its derivatives; Decarbonisation of different sectors like industry, energy, imported fossil fuels and feedstock; development of indigenous manufacturing capabilities; creation of employment opportunities; and development in advanced 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 125GW.
The targets by 2030 are likely to bring in over Rs. 8 lakh crore investments and create over 6 lakh jobs. CO2 emissions are expected to be averted by 2030.
The mission will facilitate demand creation, production, utilization and export of Green Hydrogen. Under the (SIGHT) two distinct financial incentive mechanisms – targeting domestic manufacturing of electrolysers and production of Green Hydrogen – will be provided under the mission. It also supports and guides the pilot projects in emerging end-use sectors and production pathways. Hydrogen is identified and developed as Green Hydrogen Hubs as it is standing as the pillar of supporting large-scale production or utilization.
The establishment of the Green Hydrogen ecosystem is an enabling policy framework of support. Along with these robust standards and regulations, are also frameworks that developed. Strategic Hydrogen Innovation Partnership – (SHIP) will be facilitated under the mission; R&D projects will be goal-oriented, time-bound, and suitably scaled up to develop globally competitive skill development programmes will also be undertaken under the mission.
Ministries, Departments, Agencies and institutions of the Central and State Governments will undertake focused and coordinated steps to ensure the achievement of the Mission objectives. The Ministry of New & Renewable Energy will be responsible for the overall coordination and implementation of the Mission.