Cabinet okays National Green Hydrogen Mission with Rs 19,744 cr outlay; vouches for 6 lakh jobs by 2030

ENA Sectors 2023-01-05 07:36:00 New Delhi, Jan 5 (KNN) Prime Minister Narendra Modi-led Union Cabinet on Wednesday approved the National Green Hydrogen Mission with an initial outlay of Rs19,744 crore. This will include an outlay of Rs 17,490 crore for the SIGHT programme, Rs 1,466 crore for pilot projects, Rs.400 crore for R&D, and Rs 388 crore towards other Mission components. <a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a> Over Rs 8 lakh crore in total investments and creation of more than 6 lakh jobs are the main likely outcomes of the mission by 2030. Ministry of New and Renewable Energy (MNRE) will formulate the scheme guidelines for implementation of the respective components and will be responsible for overall coordination and implementation of the Mission. It also aims for the development of green hydrogen production capacity of at least 5 MMT (Million Metric Tonne) per annum with an associated renewable energy capacity addition of about 125 GW in the country. Cumulative reduction in fossil fuel imports over Rs 1 lakh crore and abatement of nearly 50 MMT of annual greenhouse gas emissions is also the objective. The Mission will have wide ranging benefits- creation of export opportunities for Green Hydrogen and its derivatives; Decarbonisation of industrial, mobility and energy sectors; reduction in dependence on imported fossil fuels and feedstock; development of indigenous manufacturing capabilities; creation of employment opportunities; and development of cutting-edge technologies. Indias Green Hydrogen production capacity is likely to reach at least 5 MMT per annum, with an associated renewable energy capacity addition of about 125 GW. The Mission will facilitate demand creation, production, utilization and export of Green Hydrogen. Under the Strategic Interventions for Green Hydrogen Transition Programme (SIGHT), two distinct financial incentive mechanisms targeting domestic manufacturing of electrolysers and production of Green Hydrogen will be provided under the Mission. It will also support pilot projects in emerging end-use sectors and production pathways. Regions capable of supporting large scale production and/or utilization of Hydrogen will be identified and developed as Green Hydrogen Hubs. An enabling policy framework will be developed to support establishment of Green Hydrogen ecosystem. A robust Standards and Regulations framework will be also developed. Further, a public-private partnership framework for R&D (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 technologies. A coordinated skill development programme will also be undertaken under the Mission. All concerned Ministries, Departments, agencies and institutions of the Central and State Governments will undertake focussed and coordinated steps to ensure successful achievement of the Mission objectives. (KNN Bureau) 31817 https://knnindia.co.in/news/newsdetails/sectors/cabinet-okays-national-green-hydrogen-mission-with-rs-19744-cr-outlay-vouches-for-6-lakh-jobs-by-2030 2023-01-05 07:36:00 knnindia.co.in Cabinet okays National Green Hydrogen Mission with Rs 19,744 cr outlay; vouches for 6 lakh jobs by 2030