In Union Budget 2023-24, annual production of 5 MMT under Green Hydrogen Mission is to be targeted by the year ___________ to facilitate transition of the economy to low carbon intensity.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 2030.
The National Green Hydrogen Mission, announced in the Union Budget 2023-24, aims for an annual production target of 5 MMT by the year 2030. This initiative is designed to transition the economy to low carbon intensity, reduce reliance on fossil fuel imports, and establish India as a global leader in the green hydrogen sector. The mission also aims to create over 600,000 jobs and attract more than ₹8 lakh crore in investments.