{"id":19564,"date":"2024-01-22T01:44:21","date_gmt":"2024-01-21T20:14:21","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=19564"},"modified":"2025-04-05T18:22:46","modified_gmt":"2025-04-05T12:52:46","slug":"sight","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/sight\/","title":{"rendered":"Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme"},"content":{"rendered":"<h2>About Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme<\/h2>\n<ul>\n<li>It is a\u00a0subcomponent of National Green Hydrogen Mission.<\/li>\n<li>Aim: To\u00a0bolster domestic electrolyser manufacturing and green hydrogen production.<\/li>\n<li>In the initial stage,\u00a0two distinct financial incentive mechanisms were proposed with an outlay of \u20b9 17,490 crore\u00a0up to 2029-30:\n<ul>\n<li>Incentive for manufacturing of electrolysers<\/li>\n<li>Incentive for production of green hydrogen.<\/li>\n<\/ul>\n<\/li>\n<li>Depending on the markets and technology development,\u00a0specific incentive schemes and programmes\u00a0will continue to evolve as the Mission progresses.<\/li>\n<li>Implementing agency: The\u00a0Solar Energy Corporation of India (SECI) would be the implementing agency responsible for the scheme\u2019s execution.<\/li>\n<\/ul>\n<h2>What is National Green Hydrogen Mission?<\/h2>\n<ul>\n<li>It is implemented by the\u00a0Ministry of New and Renewable Energy with an outlay of \u20b9 19,744 crore\u00a0from FY 2023\u201324 to FY 2029\u201330.<\/li>\n<li>The\u00a0overarching objective of the Mission is to\u00a0make India a global hub for the production,\u00a0usage, and export of Green Hydrogen and its derivatives.<\/li>\n<li>The\u00a0expected outcomes of the mission by 2030, are as follows:\n<ul>\n<li>India\u2019s Green Hydrogen production capacity is likely to reach 5 MMT per annum, contributing to reduction in dependence on the import of fossil fuels. Achievement of Mission targets is\u00a0expected to reduce a cumulative \u20b9 1 lakh crore worth of fossil fuel imports by 2030.<\/li>\n<li>This is\u00a0likely to leverage over \u20b98 lakh crore in total investments and create over 6 lakh jobs.<\/li>\n<li>Nearly\u00a050 MMT per annum of CO2 emissions are expected to be averted through the production and use of the targeted quantum of Green Hydrogen.<\/li>\n<\/ul>\n<\/li>\n<li>It has a provision for\u00a0supporting pilot projects for low-carbon steel, mobility, shipping, and ports.<\/li>\n<li>The Mission provides allocations for\u00a0various sub-components of the Mission such as\u00a0SIGHT, Pilot projects, R&amp;D etc. to fund specific selected projects.<\/li>\n<li>There is\u00a0no State-wise allocation\u00a0made under the Mission.<\/li>\n<\/ul>\n<h2>Key Facts about Green Hydrogen<\/h2>\n<ul>\n<li>Green Hydrogen is\u00a0produced by the process of electrolysis, where\u00a0water is split into hydrogen and oxygen\u00a0using electricity generated from renewable sources like solar, wind, or hydropower.<\/li>\n<li>This process\u00a0results in a clean and emission-free fuel that has immense potential to replace fossil fuels and reduce carbon emissions.\u00a0<\/li>\n<\/ul>\n<hr \/>\n<h3>Q1) What is the Solar Energy Corporation of India (SECI)?<\/h3>\n<p>SECI was set up in 2011 to facilitate the implementation of the National Solar Mission (NSM) and to achieve the targets set forth by it. SECI was initially incorporated as a section 25 company (Not-for-profit) under the Companies Act, 1956.<\/p>\n<p><strong>Source:<\/strong> <a href=\"https:\/\/www.downtoearth.org.in\/news\/energy\/mnre-launches-scheme-to-incentivise-production-of-green-hydrogen-94003\" target=\"_blank\" rel=\"nofollow noopener\"><u>MNRE launches scheme to incentivise production of green hydrogen<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme aims to bolster domestic electrolyser manufacturing and green hydrogen production.<\/p>\n","protected":false},"author":5,"featured_media":19565,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-19564","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/19564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=19564"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/19564\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/19565"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=19564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=19564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=19564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}