India can become a hub of green hydrogen in the world: PM Modi

Delhi: PM Narendra Modi on Friday addressed a webinar on Energy for Sustainable Development. During this, he emphasized that Energy for Sustainable Growth is also inspired by our ancient traditions and also the way to fulfill the needs and aspirations of the future. India's Clear Vision Sustainable Growth is possible only through Sustainable Energy Sources.

long run energy

PM Modi said that in Glasgow, we have promised to reach the level of net zero by 2070. I also spoke of Life Mission to promote sustainable lifestyle at COP26. That is, the vision of Lifestyle for Environment was put forward. We are also leading global collaborations such as the International Solar Alliance. Our target for non-fossil energy capacity is five hundred GW.

Mission of 2030 

PM Modi said, by 2030, we have to achieve 50 percent of our instant energy capacity from non-fossil energy. Whatever targets India has set for itself, I do not see it as a challenge, but as an opportunity. India has been running on this vision for the past years and in this budget they have been taken forward at the policy level.

19 and a half thousand crores for solar module manufacturing

In this budget, 19 and a half thousand crore rupees have been announced for high-efficiency solar module manufacturing in the direction of solar energy. This will help in making India a global hub in manufacturing and R&D of solar modules and related products.

India has abundant renewable energy power

PM Modi said, we have also announced "National Hydrogen Mission". India has an in heritage advantage in the form of abundant available renewable energy power. With this, India can become the hub of green hydrogen in the world. The hydrogen ecosystem is interconnected with the fertilizer, refinery and transport sectors. This is one area in which innovation should be promoted by the private sector so that India's full potential can be harnessed.

A big challenge with renewable energy

PM Modi said, a big challenge with renewable energy is also about energy storage. To find a solution for this also, a high priority has been given in the budget to sustain the growth in storage capacity. Provisions have been made in this year's budget regarding battery swapping policy and interoperability standards. These will reduce the problems faced in the use of electric vehicles in India. Plug-in charging takes more time and more cost as the battery costs 40-50% of the cost of an EV, so swapping will reduce the upfront cost of the electric vehicle.

Energy production energy saving is also necessary for sustainability

PM Modi said, in the same way, whether it is mobile battery or solar power storage, there are still many possibilities in this area. On this too I think we can all work together. For sustainability, along with energy production, energy saving is equally important. How to become more energy efficient AC in our country. A lot seems to need to be done on how to make more energy efficient heaters, geysers, ovens. Wherever the consumption of electricity is high, manufacturing energy efficient products should be our priority.

Increased production of LED bulbs

Giving example, PM Modi said, when our government came in 2014, the cost of LED bulbs used to range from 300 to 400 rupees. Our government increased the production of LED bulbs and due to the increase in production, it was natural that the price of LED bulbs came down from 70 to 80 rupees. Under the Ujala scheme, we have distributed about 37 crore LED bulbs in the country. Due to this, about 48 thousand million kilowatt hour electricity has been saved. The electricity bill of our poor and middle class has also been saved about 20 thousand crores annually and carbon emissions have been reduced by about 40 million tonnes per year.Notably, India has registered the fastest growth among all major economies in terms of renewable energy capacity addition. The capacity of renewable energy has increased by 2.9 times and that of solar power by more than 18 times during the last 7.5 years. Green Energy Corridor (GEC) projects have been taken up in India to facilitate the extraction of renewable energy and redesign the grid for future requirements. Continuous efforts are being made by the Central Government for progress in this direction.

Let us know, in line with the Panchamrut strategy presented by PM Modi in COP26, this budget has outlined the country's energy transformation journey by promoting a strategy related to low carbon emissions. This policy will enable the country to meet its energy requirements in a sustainable manner.

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