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50 MMT per annum of CO2 emissions can be averted through Green Hydrogen Green Hydrogen
Image Courtesy: akitada31 via Pixabay

50 MMT per annum of CO2 emissions can be averted through Green Hydrogen

India Blooms News Service | @indiablooms | 02 Aug 2023, 01:24 am

New Delhi: The National Green Hydrogen Mission is expected to lead to the development of 5 MMT Green Hydrogen production capacity per annum by 2030.

An estimated nearly 50 MMT per annum of CO2 emissions can be averted through the production and use of the targeted quantum of Green Hydrogen.

This information has been given by the Union Minister for New & Renewable Energy and Power R. K. Singh in a written reply to a question in Rajya Sabha on Tuesday.

On January 4, the Union Cabinet approved the National Green Hydrogen Mission with an outlay of Rs. 19,744 crores.

The Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme, which includes incentives for the manufacturing of electrolysers and the production of green hydrogen, is a major financial measure with an outlay of Rs 17,490 crore.

The programme consists of two distinct financial incentive mechanisms to support the domestic manufacturing of electrolysers and the production of Green Hydrogen.

The guidelines for incentive schemes for electrolyser manufacturing and for the production of Green Hydrogen have been also introduced.

During the G20 Energy Transitions Ministers Meeting on July 2022, members emphasized the significance of creating a sustainable and fair global hydrogen ecosystem that benefits all countries, the minister said.

They also agreed on High Level Voluntary Principles on Hydrogen, which promote the free and fair trade of hydrogen produced from zero and low-emission technologies and its derivatives, he added.

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