Lok Sabha passes bill to promote use of non-fossil fuels
POWER & RENEWABLE ENERGY

Lok Sabha passes bill to promote use of non-fossil fuels

The Lok Sabha has passed a bill seeking to promote the use of non-fossil fuels, including ethanol, green hydrogen and biomass, to help the country achieve its international commitments with respect to climate change goals.

Piloting the Energy Conservation (Amendment) Bill, 2022, Power Minister R K Singh said "this is the bill for the future" and added that the renewable energy capacity addition in the country was the fastest in the world.

The bill was passed by the house after rejecting amendments moved by some Opposition members.

Among other things, it provides for penalties for violations by industrial units or vessels as well as on manufacturers if a vehicle fails to comply with fuel consumption norms.

"With the passage of time, and in the context of the energy transition with special focus on the promotion of new and renewable energy and National Green Hydrogen Mission, a need has arisen to further amend the said Act to facilitate the achievement of 'Panchamrit' as five nectar elements presented by India in Conference of Parties -26 in Glasgow last year," says the Statement of Objects and Reasons of the bill.

The amendments also seek to promote renewable energy and the development of a domestic carbon market to battle climate change.

Further, the bill seeks to introduce new concepts such as carbon trading and mandate the use of non-fossil sources to ensure faster decarbonisation of the Indian economy and help achieve sustainable development goals in line with the Paris Agreement.

See also:
Non-hydro RE capacity addition grew by 61 per cent in Q1
Energy conservation bill introduced to meet COP26 targets


The Lok Sabha has passed a bill seeking to promote the use of non-fossil fuels, including ethanol, green hydrogen and biomass, to help the country achieve its international commitments with respect to climate change goals. Piloting the Energy Conservation (Amendment) Bill, 2022, Power Minister R K Singh said this is the bill for the future and added that the renewable energy capacity addition in the country was the fastest in the world. The bill was passed by the house after rejecting amendments moved by some Opposition members. Among other things, it provides for penalties for violations by industrial units or vessels as well as on manufacturers if a vehicle fails to comply with fuel consumption norms. With the passage of time, and in the context of the energy transition with special focus on the promotion of new and renewable energy and National Green Hydrogen Mission, a need has arisen to further amend the said Act to facilitate the achievement of 'Panchamrit' as five nectar elements presented by India in Conference of Parties -26 in Glasgow last year, says the Statement of Objects and Reasons of the bill. The amendments also seek to promote renewable energy and the development of a domestic carbon market to battle climate change. Further, the bill seeks to introduce new concepts such as carbon trading and mandate the use of non-fossil sources to ensure faster decarbonisation of the Indian economy and help achieve sustainable development goals in line with the Paris Agreement.See also: Non-hydro RE capacity addition grew by 61 per cent in Q1 Energy conservation bill introduced to meet COP26 targets

Next Story
Infrastructure Urban

PTC Industries and BDL Form JV for Missile and UAV Propulsion

PTC Industries, a leading manufacturer of high-performance materials and precision-engineered components for Defence and Aerospace, has signed a Memorandum of Understanding (MoU) with Bharat Dynamics (BDL) to establish a Joint Venture (JV) for the design, development, and manufacture of propulsion systems, aero-engines, guided bombs, and loitering munitions for missiles and UAVs, subject to regulatory approvals.The MoU was exchanged during the Lokarpan Ceremony of PTC’s Titanium & Superalloys Materials Plant at the Strategic Materials Technology Complex (SMTC), Lucknow, in the presence o..

Next Story
Infrastructure Urban

J&K Bank Reports H1 Net Profit of Rs 9.79 Bn, Q2 at Rs 4.94 Bn

J&K Bank announced a net profit of Rs 4.94 billion for the July–September quarter (Q2) of the current financial year (CFY), bringing its half-year (H1) net profit to Rs 9.78 billion, up from Rs 9.66 billion in H1 last fiscal. The results were approved by the Bank’s Board of Directors at a meeting held at its Corporate Headquarters.The Q2 performance was moderated by Rs 920 million provisioning towards its investment in Jammu and Kashmir Grameen Bank following the amalgamation of Ellaquai Dehati Bank under the “One State, One RRB” initiative. Total provisioning for H1 stands at Rs 1..

Next Story
Building Material

Tata Steel, Air Water India Ink 20-Year Deal for Jamshedpur ASU

Tata Steel has signed a 20-year agreement with Air Water India Private Limited (AWIPL) to operate and maintain its advanced Air Separation Unit (ASU) in Jamshedpur. The partnership aims to boost Tata Steel’s industrial gas infrastructure and improve efficiency through the use of cutting-edge cryogenic technologies. The agreement was signed between Peeyush Gupta, Vice President (TQM, GSP & SC), Tata Steel, and Kausik Mukhopadhyay, Managing Director, AWIPL. Under the contract, AWIPL will manage operations of the ASU, which can produce 1,800 tonnes of oxygen per day, along with nitrogen, argon..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?