Union Cabinet approves Rs 19,744 crore National Green Hydrogen Mission

The Union Cabinet on Wednesday approved the 19,744-crore National Green Hydrogen Mission with an objective to become a major exporter in the field and make India a global hub for the production, utilisation, and export of Green Hydrogen and its derivatives.

The development will help India, one of the world’s biggest greenhouse gas emitters, achieve net-zero carbon emissions by 2070.

Briefing reporters about the Cabinet outcome, Union Minister Anurag Thakur said, “The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved National Green Hydrogen Mission.”

The initial outlay for the mission is kept at 19,744 crore. Out of this, the government has allocated 17,490 crore for the SIGHT programme, 1,466 for the upcoming pilot projects, 400 crore for R&D, and 388 crore towards other mission components.

The Centre expects the investments plan, totalling 8 lakh crore in the green hydrogen sector, Thakur said while speaking to reporters.

The incentive aims to make green hydrogen affordable and bring down its cost over the next five years, the minister said.