The Union Cabinet has approved National Green Hydrogen Mission. The initial outlay for the Mission will be Rs 197.44 billion, including an outlay of Rs174.90 billion for the SIGHT programme, Rs 14.66 billion for pilot projects, Rs 4 billion for R&D, and Rs 3.88 billion towards other Mission components. MNRE will formulate the scheme guidelines for implementation of the respective components. 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 capacityaddition of about 125 GW in the countryOver Rs 8 trillion in total investmentsCreation of over 600,000 jobsCumulative reduction in fossil fuel imports over Rs 1 trillion Abatement of nearly 50 MMT of annual greenhouse gas emissions The Mission will facilitate demand creation, production, utilisation and export of Green Hydrogen. Under the Strategic Interventions for Green Hydrogen Transition Programme (SIGHT), two distinct financial incentive mechanisms – targeting domestic manufacturing of electrolysers and production of Green Hydrogen – will be provided under the Mission. The Mission will also support pilot projects in emerging end-use sectors and production pathways. Regions capable of supporting large-scale production and/or utilisation of Hydrogen will be identified and developed as Green Hydrogen Hubs. An enabling policy framework will be developed to support the establishment of the Green Hydrogen ecosystem. A robust Standards and Regulations framework will be also developed. Further, a public-private partnership framework for R&D (Strategic Hydrogen Innovation Partnership – SHIP) will be facilitated under the Mission; R&D projects will be goal-oriented, time-bound, and suitably scaled up to develop globally competitive technologies. A coordinated skill development programme will also be undertaken under the Mission. All concerned Ministries, Departments, agencies and institutions of the Central and State Governments will undertake focused and coordinated steps to ensure successful achievement of the Mission objectives. The Ministry of New & Renewable Energy will be responsible for the overall coordination and implementation of the Mission. Also Read Tech Mahindra to transform Tagawa into a smart city. Birsa Munda Hockey Stadium inaugurated in Odisha