Prime Minister Narendra Modi today inaugurated the second edition of the International Conference on Green Hydrogen (ICGH-2024) in Delhi via video message, where he reiterated India’s commitment in tackling climate change and the emergence of green hydrogen as a promising addition to the world’s energy landscape.
On occasion, Prahlad Venkatesh Joshi, Union Minister for New and Renewable Energy, detailed the government’s strategic initiatives aimed at expanding renewable energy capacity and fostering green hydrogen development. He remarked that under the leadership of Prime Minister Modi, India is moving towards becoming a global leader in green hydrogen.
Alluding to the National Green Hydrogen Mission, the minister averred that NGHM was launched with the goal of positioning India as a key player in this emerging sector, ensuring both energy self-reliance and economic growth. “This mission not only has the potential to attract ₹8 lakh crore in investments and generate 6 lakh jobs but will also significantly reduce reliance on imported natural gas and ammonia, leading to savings of ₹1 lakh crore. As we move forward, our efforts will also contribute to reducing carbon emissions by 5 MMT by 2030, positioning India as a beacon of sustainable development on the global stage”, he said.
Hardeep S. Puri, Minister of Petroleum and Natural Gas, emphasized the ambitious targets set by India’s National Green Hydrogen Mission. He stated, “India’s commitment to achieving net-zero emissions by 2070 involves a multifaceted approach, including a significant focus on green hydrogen. Our goal of producing 5 million metric tons of green hydrogen by 2030 is a critical step in decarbonizing our economy. This will require an investment of $100 billion and the development of 125 gigawatts of new renewable energy capacity.
The mission will not only reduce 15 million metric tons of CO2 emissions annually but will also generate substantial savings in imports. We are implementing pilot projects, hydrogen hubs, and R&D initiatives to drive innovation in this sector, supported by a robust financial outlay and a comprehensive incentive framework. The success of this mission will depend on the collaborative efforts of both the central and state governments, as well as industry partners.”
(Source: PIB)
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