Nearly 50 MMT per annum of CO2 emissions can be averted through Green Hydrogen: New & Renewable Energy Minister

Source: The post is based on the article “Nearly 50 MMT per annum of CO2 emissions can be averted through Green Hydrogen: New & Renewable Energy Minister”  published in PIB on 1st August 2023.

What is the News?

The Union Minister for New & Renewable Energy has informed Rajya Sabha about the Green Hydrogen.

What are the steps taken by the Government to promote Green Hydrogen?

G20 Energy Transitions Ministers Meeting under India’s G20 Presidency: At this meeting, the members discussed the importance of building a sustainable and equitable global hydrogen ecosystem that benefits all nations, and affirmed High level Voluntary Principles on Hydrogen.

– These principles include promotion of free and fair trade of hydrogen produced from zero and low emission technologies and its derivatives.

National Green Hydrogen Mission 

– Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme: It is a major financial measure under National Green Hydrogen Mission. The programme consists of two distinct financial incentive mechanisms to support domestic manufacturing of electrolysers and production of Green Hydrogen.

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

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