An initial outlay of Rs. 19,744 crore was approved for the green hydrogen mission. Green Hydrogen is produced by splitting water by electrolysis. Oxygen and Hydrogen are produced via this process. Hydrogen evolved from that can be used in the atmosphere with no negative impact. The risk of green hydrogen is that, that it is volatile and flammable.
One of the goals that have been set is to decarbonize the planet by the next 50 years. Hydrogen is not a polluting gas and is fully sustainable.The Union Cabinet has approved this as the plan is to reduce fossil fuel imports and become a hub of production of green hydrogen and its derivative. Green Hydrogen production capacity would be at least 5 MMT per annum with about 125 GW by 2030.
Green Hydrogen is expected to create investments around more than six lakh jobs and by meeting International commitments. Ministry of Power will raise demand for the use of hydrogen. Hydrogen has been used in fuel cars, spaceships, and airships too since the 19th century.
Safety issues, High Cost, and high energy consumption are also some of the negative aspects of green hydrogen. The production of hydrogen in general requires more energy than other fuels.
The government said there will be a public-private partnership for research and development. India needs cheaper renewable energy and this has shown as a better option as India currently lacks electrolysis.
The cost of hydrogen will be half by 2030 as the government has announced incentives.
The initial outlay includes ₹17,490 crores for the Strategic Interventions for Green Hydrogen Transition Programme (SIGHT); ₹1,466 crores for pilot projects; ₹400 crores for research and development; and ₹388 crores for other mission components.