PM Modi Emphasizes Green Hydrogen for Energy Transition
Key Ideas
- Prime Minister Modi promotes Green Hydrogen as a key solution for energy transition and climate change, emphasizing the need for immediate action.
- India launches the National Green Hydrogen Mission with a substantial budget allocation to make the country a global hub for Green Hydrogen production, utilization, and export.
- The Green Hydrogen Mission in India aims to spur innovation, infrastructure development, and investments, creating opportunities for job growth and reducing carbon emissions significantly.
- Minister Joshi highlights the potential of Green Hydrogen in various industries, aiming for substantial investments, job creation, and import reduction, showcasing India's leadership in the Green Hydrogen sector.
Prime Minister Narendra Modi highlighted the importance of focusing on new energy transition areas like Green Hydrogen to combat climate change in a video message at the 2nd International Conference on Green Hydrogen India 2024. Modi emphasized the immediate need for action in transitioning towards sustainable energy sources and recognized Green Hydrogen as a crucial addition to the global energy landscape, particularly in industries challenging to electrify.
India has launched the National Green Hydrogen Mission with a significant budget allocation of Rs 19,744 crore to position the country as a key player in Green Hydrogen production, utilization, and export. The mission aims to drive innovation, infrastructure development, and investment in the Green Hydrogen sector, fostering a green jobs ecosystem and focusing on skill development for the youth.
Minister Pralhad Joshi highlighted the vast opportunities for Green Hydrogen across sectors like fertilizers, steel, automobile, shipping, and glass industries. The Green Hydrogen Mission is expected to attract over Rs 8 lakh crore in investments, generate employment for over 6 lakh people, and significantly reduce carbon emissions by avertig 50 MMT Carbon Dioxide emissions by 2030.
India's initiatives in Green Hydrogen have garnered international attention, with the country's large-scale tenders for Green Hydrogen production and export. The trust in India's Green Hydrogen capabilities is evident from substantial exports already booked and partnerships with global companies for Green Ammonia supply. The government's strategic interventions and incentives aim to accelerate Green Hydrogen production capacity, positioning India as a leader in the global Green Hydrogen market.
Topics
Green Hydrogen
Renewable Energy
Climate Change
Technology
Innovation
Sustainability
Job Creation
Government Investment
International Cooperation
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