Hydrogen Energy Mission: An Indian Government Initiative Towards Developing a Green Economy
by Chem Analyst Chemical Database PriceUnion Budget 2021, which was
announced on Monday laid significant emphasis over the launch of a green
hydrogen project and is being visualized as a game changing initiative by the
analysts. The government for developing a green economy has allocated INR 15000
million to the Indian Renewable Energy Development Agency (IREDA) and the
National Hydrogen Mission.
The launch of Green Hydrogen
Mission in 2021-22 for the generation of Hydrogen from Green Resources could
viably serve in reducing India’s carbon footprints in the coming years. The
technology for the mission will be based on the process of electrolysis
provided that the electricity produced is via a clean source.
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Proposed Hydrogen Energy Mission
is a critical step as till date it is the only feasible way to achieve zero
carbon emissions from steel and cement industries by retrofitting the existing
fuel technology with hydrogen for process heat requirements. Supporting the
initiative, Director of Climate Trends stated that the step towards
establishing a green Hydrogen economy is welcomed. As the Budget 2021
emphasized on rebuilding India, it is in line with the present global trend on
implementing a shift to green energy alternatives.
India has established an
ambiguous target for reaching a capacity of 175 GW of renewable energy by 2022.
Even though the dilemma over commercial viability over Hydrogen Technologies
still persists across the globe but currently it is being considered as the
most feasible source that could lead to zero carbon emissions in the coming
years. Since countries like Germany and Australia have already taken viable
steps toward the vision and are heard of progressing at a promising pace, the
announcement by the government is being considered as the need of the hour.
The initiative for Green Hydrogen
is clearly a foresight project that could drive the vision of a green and
efficient energy solution in India. As per ChemAnalyst, “If the project is
implemented as it is articulated in the budget, it has the potential for
establishing India as one of the leaders in the development and trading of
green technology across the world.”
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Created on Feb 4th 2021 03:05. Viewed 312 times.