New Delhi: The National Green Hydrogen Mission is a “significant step” towards achieving the country’s net-zero targets and and will help in reducing input costs of clean energy source, besides generating lakhs of job opportunities in the renewable energy sector, experts say. The Union Cabinet on January 4 approved the National Green Hydrogen Mission, which aims to make India a global manufacturing hub and a clean source of energy.
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The objective of the Mission is also development of a production capacity of at least 5 MMT (Million Metric Tonnes) per annum with an associated renewable energy capacity addition of about 125 GW in the country by 2030.
I expect that the emphasis on demand creation, incentives and partnerships will kick-start the green hydrogen industry in the country and enable Indian companies to be on a level footing with the global energy suppliers. The industry is ready to support India’s clean energy transition, Sumant Sinha, Chairman and CEO, ReNew Power.
Mr. Sinha, who is also the president of industry body Assocham, termed the launch of the mission “a significant step” towards helping India achieve net-zero targets.
Ishver Dholakiya, MD of Goldi Solar said the program will facilitate production, utilisation, and export, along with generation of lakhs of job opportunities in the renewable energy sector. The incentives will help bring down the cost of input materials like electrolysers, which will help local players to become competitive at the global level, he said.
Girishkumar Kadam, Senior Vice President & Co-Group Head – Corporate Ratings, ICRA Ltd said the round-the-clock procurement of renewable energy at competitive rates remains extremely critical for an improvement in the utilisation of electrolysers.
The timely implementation of the proposed PLI scheme to incentivize/promote the domestic manufacturing of electrolysers will be critical, he said.
Abhay Kumar Singh, ex-CMD of state-owned NHPC, said the cost of per kg hydrogen comes to around USD 3 at present. With the government’s ambitious mission it will be less than half in the times to come.
In April 2022, when I was Chief Managing Director National Hydroelectric Power Corporation (NHPC), the company had signed an agreement with the Himachal government to develop a pilot green hydrogen mobility project including hydrogen production, he said.
The mission will give a boost to investment sentiments of more and more interest players, Mr. Singh said.
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(Except the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)
NDTV – Dettol have been working towards a clean and healthy India since 2014 via the Banega Swachh India initiative, which is helmed by Campaign Ambassador Amitabh Bachchan. The campaign aims to highlight the inter-dependency of humans and the environment, and of humans on one another with the focus on One Health, One Planet, One Future – Leaving No One Behind. It stresses on the need to take care of, and consider, everyone’s health in India – especially vulnerable communities – the LGBTQ population, indigenous people, India’s different tribes, ethnic and linguistic minorities, people with disabilities, migrants, geographically remote populations, gender and sexual minorities. In wake of the current COVID-19 pandemic, the need for WASH (Water, Sanitation and Hygiene) is reaffirmed as handwashing is one of the ways to prevent Coronavirus infection and other diseases. The campaign will continue to raise awareness on the same along with focussing on the importance of nutrition and healthcare for women and children, fight malnutrition, mental wellbeing, self care, science and health, adolescent health & gender awareness. Along with the health of people, the campaign has realised the need to also take care of the health of the eco-system. Our environment is fragile due to human activity, which is not only over-exploiting available resources, but also generating immense pollution as a result of using and extracting those resources. The imbalance has also led to immense biodiversity loss that has caused one of the biggest threats to human survival – climate change. It has now been described as a “code red for humanity.” The campaign will continue to cover issues like air pollution, waste management, plastic ban, manual scavenging and sanitation workers and menstrual hygiene. Banega Swasth India will also be taking forward the dream of Swasth Bharat, the campaign feels that only a Swachh or clean India where toilets are used and open defecation free (ODF) status achieved as part of the Swachh Bharat Abhiyan launched by Prime Minister Narendra Modi in 2014, can eradicate diseases like diarrhoea and the country can become a Swasth or healthy India.