+
Energy conservation bill introduced to meet COP26 targets
POWER & RENEWABLE ENERGY

Energy conservation bill introduced to meet COP26 targets

In line with the climate commitments made by India at the 26th session of the Conference of the Parties, commonly called COP26, the Centre has introduced amendments to its the Energy Conservation Act, 2001, to meet the targets for green fuels, industrial energy efficiency, and building the country’s own carbon credit market.

The text of the Energy Conservation (Amendment) Bill, 2022, was tabled in the Lok Sabha this week. It said the amendments have been proposed in the context of energy transition being planned by India, with the focus on promotion of renewable energy and the National Green Hydrogen Mission. It said the bill will help meeting the five targets announced by Prime Minister Narendra Modi at COP26 in Glasgow in 2021.

The Bill proposes a mandatory threshold for consumption of green fuels such as green hydrogen, green ammonia, and biomass in all industries.

“It is considered necessary to have legal provisions to prescribe minimum consumption of non-fossil energy sources as energy or feedstock by designated consumers. This will help in the reduction of fossil fuel-based energy consumption and resultant carbon emissions to the atmosphere,” said the proposal in the bill.

The government also plans to bring in a legal framework for the country’s first-ever carbon trading market.

See also:
Adani and RIL to set up compressed biogas plants
IOC to venture into green hydrogen production


In line with the climate commitments made by India at the 26th session of the Conference of the Parties, commonly called COP26, the Centre has introduced amendments to its the Energy Conservation Act, 2001, to meet the targets for green fuels, industrial energy efficiency, and building the country’s own carbon credit market. The text of the Energy Conservation (Amendment) Bill, 2022, was tabled in the Lok Sabha this week. It said the amendments have been proposed in the context of energy transition being planned by India, with the focus on promotion of renewable energy and the National Green Hydrogen Mission. It said the bill will help meeting the five targets announced by Prime Minister Narendra Modi at COP26 in Glasgow in 2021. The Bill proposes a mandatory threshold for consumption of green fuels such as green hydrogen, green ammonia, and biomass in all industries. “It is considered necessary to have legal provisions to prescribe minimum consumption of non-fossil energy sources as energy or feedstock by designated consumers. This will help in the reduction of fossil fuel-based energy consumption and resultant carbon emissions to the atmosphere,” said the proposal in the bill. The government also plans to bring in a legal framework for the country’s first-ever carbon trading market. See also: Adani and RIL to set up compressed biogas plantsIOC to venture into green hydrogen production

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code