NATIONAL HYDROGEN ENERGY MISSION

• Be N By IAS, Delhi
• 25, Feb 2021

For : GS-3-ECONOMY

CONTEXT:
One of the major initiatives for the clean energy sector that the government announced in the Union Budget 2021, was the plan to launch a National Hydrogen Mission.

NEWS IN DETAILS:

• Though the plan was lined up, the Budget did not specify the details of the scheme and what India’s ambitions were towards it.
• The finance minister highlighted the National Hydrogen Energy Mission has been set up in 2021-22 for generating hydrogen from green power sources.
• To give a further boost to the non-conventional energy sector, I propose to provide an additional capital infusion of Rs 1,000 crore to Solar Energy Corporation of India and Rs 1,500 crore to Indian Renewable Energy Development Agency.”
• She said “Prime Minister, while speaking at the 3rd RE-Invest Conference in November 2020.

KEY DETAILS OF SCHEME:

• Aims: The National Hydrogen Energy Mission aims to reduce petroleum use, greenhouse gas emissions, and air pollution, and contribute to more diverse and efficient energy infrastructure.
• The aim is to develop India into a global hub for manufacturing of hydrogen and fuel cells technologies across the value chain.
• The proposed National Hydrogen Energy Mission would aim to lay down Government of India’s vision, intent and direction for hydrogen energy and suggest strategy and approaches for realising the vision.
• The Mission would put forward specific strategy for the short term (4 years), and broad strokes principles for long term (10 years and beyond).
• Toward this end, a framework to support manufacturing via suitable incentives and facilitation aligned with ‘Make in India’ and ‘Atmanirbhar Bharat’ will be developed.

Source: The ECONOMIC TIMES