Categories: Business

PM moves to carve a piece of green hydrogen pie $ 13 trillion for India

New Delhi: Prime Minister Narendra Modi on Sunday officially announced the national hydrogen mission, placing truly zero carbon fuel – ‘hydrogen green’ – at the heart of Indian energy security as well as climate action and ensuring investor support policy.
Set the tone for rapid energy transitions in their independence day speech, PM Modi sets the 2047 time limit to become independent in energy through a mixture of electricity mobility, 20% ethanol-blending gasoline and expand city gas networks to increase natural gas share that is not too polluting in the basket of energy India.
“For India to advance, for ‘Atmanirbhar Bharat (Mandiri India), Energy Independence is needed.
India must take a promise that it will be an independent energy in our year celebrating the 100th year of independence,” PM Modi said in his speech to the nation.
“Green hydrogen will give India a quantum leap in achieving its climate target,” said PM Modi, revealing his vision of turning India into the production of global green hydrogen and export hubs.
He said a faster transition for new age fuel is needed to reduce the dependence of the state on energy imports which require annual expenditure of RS 12 lakh crore, or five times the current health budget.
At present all hydrogens consumed in India are extracted from fossil fuels, which emit CO2.
Hydrogen green is produced by perfecting water using electricity from renewable sources and is expected to emerge as a $ 12-13 trillion global industry in 2050.
“Prime Ministerial initiatives can help the industry build a domestic green hydrogen ecosystem worth $ 2-3 trillion in 20-3 trillion 25 Year, “Manoj K upadhyay, Chairman of the Solar Acme Player Group, said.
The intention for the National Hydrogen Mission was announced in budget 2021.
Since then, Reliance Industries Ltd., Indianoil, JSW Energy and NTPC have announced Hydrogen Green Forai.
NTPC has waved the tender for CNG hydrogen blending.
Rh-renewable energy minister RK Singh said the use of multilevel green hydrogen should be mandatory for refineries and fertilizer units to create a market.
This will be extended to other industries in stages.
Energy, both in terms of access and transition, has become one of the Leitmotive Speech I-Day PM Modi since taking over in 2014.
The focus so far is accessed.
Starting with electrification village and household and providing clean cooking fuel to the poor, the focus of its wacannya develop into renewable energy.
Hydrogen’s mission shifts focus on new solutions, build 100 gigawatt green energy capacity recently.

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

Sonīpat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago