22 Mar 2024
Uttar Pradesh (UP) is taking a giant leap towards a clean and sustainable future with its ambitious Green Hydrogen Policy 2024.
This groundbreaking initiative positions the state as a frontrunner in the green hydrogen race, aligning perfectly with India's net-zero goals.
Why Green Hydrogen?
Clean Energy Champion: Green hydrogen production emits zero greenhouse gasses, making it a game-changer in the fight against climate change.
Sustainable Powerhouse: This policy promotes the use of green hydrogen across various sectors, paving the way for a greener industrial landscape.
Job Creation Engine: The policy aims to create a thriving green hydrogen ecosystem, leading to significant employment opportunities in the state.
Key Highlights of the Policy:
1 Million Metric Ton Target: UP has set a bold goal of becoming a leading green hydrogen producer by 2028, with a targeted annual output of 1 million metric tons.
Focus on Key Sectors: The initial emphasis will be on promoting green hydrogen adoption in nitrogenous fertilizers and refineries, with expansion into other emerging sectors planned.
Ease of Doing Business: UP is streamlining procedures and offering clearances to attract green hydrogen investments and facilitate business growth.
Infrastructure Push: The policy focuses on developing infrastructure like pipelines and renewable energy capacity to support the green hydrogen value chain.
Research & Development Boost: Two Centers of Excellence will be established to foster innovation and drive down green hydrogen production costs.
Skilled Workforce Development: The policy includes plans for skill development programs to create a green hydrogen-ready workforce.
UPNEDA: The Driving Force:
The UP New and Renewable Energy Development Agency (UPNEDA) will spearhead the policy's implementation, offering fiscal and non-fiscal incentives to developers and fostering a supportive environment for green hydrogen projects.
Overall, Uttar Pradesh's Green Hydrogen Policy 2024 is a blueprint for a sustainable future. By embracing clean energy solutions and fostering innovation, UP is poised to become a green hydrogen hub, contributing significantly to India's clean energy ambitions.