19 October 2024 : PIB Summary For UPSC
1. Launch of Pilot projects in Steel Sector under the National Green Hydrogen Mission
(Source – https://pib.gov.in/PressReleseDetail.aspx?PRID=2065985®=3&lang=1 )
| Context |
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National Green Hydrogen Mission Overview
- Approval Date: Union Cabinet approved on January 4, 2023.
- Budget: ₹ 19,744 crore allocated for the mission.
- Objective: To establish India as a global hub for green hydrogen production, usage, and export.
- Production Target: Aiming for the production of 5 million metric tons (MMT) of green hydrogen annually by 2030.
Key Components
- Demand Creation: Facilitate exports and domestic utilisation to boost demand for green hydrogen.
- SIGHT Programme: Strategic Interventions for Green Hydrogen Transition – providing incentives for electrolyser manufacturing and green hydrogen production.
- Infrastructure Development: Establishing Green Hydrogen Hubs to support production and distribution.
- Regulatory Framework: Developing robust regulations and standards for the green hydrogen industry.
- Research & Development: Promoting innovation through public-private partnerships.
- Skill Development: Training programs to prepare the workforce for green hydrogen technologies.
Economic Impact
- Investment Potential: Expected to attract over ₹ 8 lakh crore in investments by 2030.
- Job Creation: Estimated to generate 600,000 jobs.
- Import Reduction: Aims to cut ₹ 1 lakh crore in fossil fuel imports by 2030.
| Practice Question: Discuss the significance of the National Green Hydrogen Mission. Analyse its key components, expected economic impact, and the role of green hydrogen in India’s transition towards sustainable energy. (150 Words /10 marks) |
