India’s National Green Hydrogen Mission is another decarbonization strategy to become energy-independent by 2047 and achieve net zero by 2070.
The mission was approved by the Union Cabinet on 4th January 2023, with a budget allocation of ₹ 19,744 crore. The ultimate objective of the Mission is to make India the Global Hub for the production, usage, and export of Green Hydrogen and its derivatives.
Before moving on to the current scenario of monetary investments and the use of green hydrogen in transport pilot projects, we will examine what this comprehensive plan looks like for the coming years.
India’s Plan to Take a Quantum Leap in the Green Hydrogen Race
To become the world’s largest producer and exporter of green hydrogen in the world, India has set forth a series of milestones. As per data from Govt. of India’s Ministry of New and Renewable Energy they include:
The Mission aims to establish capacities to produce at least 5 Million Metric Tonne (MMT) of Green Hydrogen annually by 2030, with the potential to reach 10 MMT per annum through expansion of export markets and international partnerships.
The initial budget for the mission will be Rs 19,744 crore. From this Rs 17,490 crore will be allocated for the SIGHT program, Rs 1,466 crore for pilot projects, Rs 400 crore for R&D, and Rs 388 crore for other mission components.
Kick-off global demand to nearly 100 million metric tonnes (MMT) for
Green Hydrogen and its derivatives, like green ammonia by 2030. The target is to capture 10% of the global market with an annual export demand of about 10 MMT of Green Hydrogen/Green Ammonia.
The decarbonization target is to mitigate 50 MMT per annum of CO2 emissions with the implementation of the Green Hydrogen initiatives charted under the Mission.
Replace fossil fuel with green hydrogen and its derivates to reduce f ₹1 lakh crore in fossil fuel imports by the year 2030 and enhance India’s energy security.
521.7KRitesh Daga, 18:42
