CURRENT AFFAIRS

Detailed explanation-1: -The Mission aims to aid the government in meeting its climate targets and making India a green hydrogen hub. This will help in meeting the target of production of 5 million tonnes of Green hydrogen by 2030 and the related development of renewable energy capacity.

Detailed explanation-2: -The Mission will result in the following likely outcomes by 2030: Development of green hydrogen production capacity of at least 5 MMT (Million Metric Tonne) per annum with an associated renewable energy capacity addition of about 125 GW in the country. Over Rs. Eight lakh crore in total investments.

Detailed explanation-3: -3.2 To achieve the above objectives, the Mission will build capabilities to produce at least 5 Million Metric Tonne (MMT) of Green Hydrogen per annum by 2030, with potential to reach 10 MMT per annum with growth of export markets.

Detailed explanation-4: -The government has allowed concessional green electricity, waiver of inter-state transmission charges, land at renewable energy parks and mega manufacturing zones for promoting green hydrogen and green ammonia.

Detailed explanation-5: -The Green Hydrogen Policy provides as under: Green Hydrogen / Green Ammonia shall be defined as Hydrogen /Ammonia produced by way of electrolysis of water using Renewable Energy; including Renewable Energy which has been banked and the Hydrogen/Ammonia produced from biomass.