22.12.22 Daily [Uttar Pradesh] UPPSC Current Affairs

The Uttar Pradesh government, riding on the global shift to green energy, is looking to attract private investments of up to Rs 50,000 crore in the solar and bio energy sectors.

The state has set a target to generate 22,000 megawatt (MW) of solar power over the next five years. It would comprise 14,000 MW from solar parks and 6,000 MW through rooftop solar power Plants.

The government is also drafting a green hydrogen policy in line with the Centre. The Asia-Pacific region is expected to be the fastest growing in the global landscape in this decade.

Unveiled in February, Indias green hydrogen policy offers cheaper renewable power and financial waivers for interstate power transmission for 25 years for projects commissioned before June 2025. Incentives include land at cheaper rates in energy parks and dedicated zones for local industries.

Green hydrogen is produced by breaking down water in an electrolyser using . Later, hydrogen can be combined with nitrogen to make green ammonia, thus avoiding planet-warming hydrocarbons. Green ammonia is used to store energy and make fertilisers.

According to reports, the global green hydrogen market was valued at $1.83 billion in 2021, and is estimated at almost $90 billion by 2030, expanding at a compound annual Growth rate (CAGR) of 54 per cent from 2021 to 2030.

The proposed initiative is conceptualised with an objective to identify, support and promote innovative research ideas in healthcare research areas including Osteoarthritis, Iron Deficiency Anaemia, Chronic Bronchitis, Dyslipidemia, Rheumatoid Arthritis, Obesity, Diabetes Mellitus, Psoriasis, Generalised Anxiety Disorder, Non-alcoholic fatty liver disease (NAFLD).

During the convention between both countries, both the ministers discussed the opportunities for greater economic, Health, finance, and people-to-people linkage.