The Union Budget for 2024-25 has allocated Rs 600 crore for the National Green Hydrogen Mission, a 102% increase from the previous year. This mission aims to establish India as a global manufacturing hub for green hydrogen. The mission targets a green hydrogen production capacity of 5 million metric tonnes per annum by 2030 and the addition of 125 GW of renewable energy capacity. It also envisions an investment of over Rs 8 lakh crore and the creation of 6 lakh jobs by 2030.
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Two scientists went looking for fossil fuels beneath the ground of northeastern France but did not expect to end up discovering up to 250 million tons of clean hydrogen deposits.
Concerns arise from research indicating that green hydrogen, generated through grid-powered electrolysis, might possess embodied carbon emissions higher than that from traditional grey hydrogen made from fossil fuels.
India's National Green Hydrogen Mission allots ₹1,906 crore across three Ministries, supported projects thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.