Govt cooperating with several countries on development of green hydrogen sector
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, and the Government is also cooperating with several countries bilaterally on development of green hydrogen sector.
New & Renewable Energy Minister R K Singh gave this update to the Rajya Sabha on 1 Aug 2023, and updated the house on the G20 Energy Transitions Ministers Meeting held on 22 July 2023 under India’s G20 Presidency.
Members, he said, 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 Minister pointed out that on 4 Jan 2023, the 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 Rs.17,490 crore Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme is a major financial measure with 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 and for production of Green Hydrogen.
The Mission is expected to lead to development of 5 MMT Green Hydrogen production capacity per annum by 2030, averting nearly 50 MMT per annum of CO2 emissions through production and use of the targeted quantum of Green Hydrogen, he said. Fiinews.com
