After the Union Cabinet approved the National Green Hydrogen Mission earlier this month, with an initial outlay of ₹197.44 billion (~$2.3 billion), the Ministry of New and Renewable Energy (MNRE) released the mission’s framework detailing the key actions, incentives, and outcomes under the program.
The mission aims to provide an action plan to establish a green hydrogen ecosystem and develop and scale up its production technology while making it affordable and widely accessible.
Outcomes
The mission is expected to result in significant decarbonization of the economy, reduce dependence on fossil fuel imports, and enable India to assume technology and market leadership in green hydrogen.The production capacity targeted by 2030 is likely to leverage over ₹8 trillion (~$96.5 billion) in investments and create over 600,00 jobs. It will also help in cutting nearly 50…
Green Hydrogen Mission to Attract ₹8 Trillion Investment by 2030
