The landmark National Green Hydrogen Mission approved by the Union Cabinet on Wednesday will transform India into an innovative global hub for the production and export of green hydrogen (GH), a strategic alternative fuel. This mission has the potential to catapult India to a global exporter of clean energy.
The allocation of resources by GoI will position India as a global leader for hydrogen technologies across the value chain, including production to utilisation of GH across hard-to-abate industries - sectors for which transition to carbon-free energy is not straightforward as they either lack the technology or its cost remains prohibitive. The government has allocated ₹17,490 crore for the Strategic Interventions for Green Hydrogen Transition Programme (SIGHT) programme, ₹1,466 crore for deployment of pilot and projects, ₹400 crore for research, development and innovation, and ₹388 crore towards associated mission components.
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The mission aims to develop 5 million metric tonnes (MMT) of GH production capabilities by 2030 supported by 125 GW of renewable capacity. This will reduce 50 MMT of greenhouse gas (GHG) emissions and further generate savings worth ₹1 lakh crore due to avoided import of fossil fuels.
Adoption of GH will enable cross-sectoral decarbonisation and reduce dependence on imported fossil fuels and feedstock. The mission will also support development of domestic electrolyser manufacturing capabilities, which will directly and indirectly lead to the creation of skilled and semi-skilled jobs. The mission envisages unlocking substantial investments by 2030.
Currently, India spends over $160 billion of foreign exchange every year for energy imports. This is expected to substantially increase in the coming decade, given India's rapid urbanisation and industrialisation ambitions. Adoption of GH across hard-to-abate sectors will lead to reduction of energy imports and enable energy secu ..
Read more at: https://economictimes.indiatimes.com/opinion/et-commentary/national-green-hydrogen-mission-india-poised-to-lead-the-world-in-energy-transition/articleshow/96772515.cms
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