Cabinet approves National Green Hydrogen Mission

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The Union Cabinet on Wednesday approved the National Green Hydrogen Mission. It aims to make India a global hub for the production, use and export of green hydrogen. The Green Hydrogen Mission will gradually lead to decarbonisation of the industrial, transport and energy sectors. At the same time, there will be a reduction in dependence on imported fossil fuels.

Emphasis on reducing imports

Explain that India meets a major part of its energy needs through imports. With the approval of this green hydrogen mission, it is being seen as an opportunity to reduce the dependence on imported fuel. Initially Rs 19,744 crore has been approved for the Green Hydrogen Mission, which includes research and development activities.

Many hopes from green hydrogen

Under this mission, the government aims to increase annual green hydrogen production to 5 million tonnes, add about 125 GW of renewable energy capacity, attract investments of over Rs 8 lakh crore and create lakhs of jobs. Also, a cumulative reduction in the import of fossil fuels by more than Rs 1 lakh crore has to be made. The mission is expected to help reduce greenhouse gas emissions by about 50 million tonnes.

Finance Minister had proposed

During the budget speech in the year 2021-22, Finance Minister Nirmala Sitharaman proposed to start a National Hydrogen Mission to generate hydrogen from green energy sources. At the same time, the country’s Prime Minister Narendra Modi had announced the launch of the National Hydrogen Mission on August 15, 2021 in his Independence Day speech.

#Cabinet led by Hon'ble PM Shri @narendramodi ji approves National Green Hydrogen Mission with an initial outlay of Rs 19,744 crore.#CabinetDecisions pic.twitter.com/8FI87oOhWc

— Praful Pansheriya (मोदी का परिवार) (@prafulpbjp) January 4, 2023