Amendments to Energy Conservation Bill pave way for energy transition
POWER & RENEWABLE ENERGY

Amendments to Energy Conservation Bill pave way for energy transition

ICRA Research has said that the major amendments in the Energy Conservation Bill, passed in the Lok Sabha recently is a positive step in the right direction. The bill has set a minimum usage clause for ...

ICRA Research has said that the major amendments in the Energy Conservation Bill, passed in the Lok Sabha recently is a positive step in the right direction. The bill has set a minimum usage clause for non-fossil fuel in certain sectors with high emissions. On the other hand, to ensure faster decarbonisation of the Indian economy and help achieve sustainable development goals, carbon trading has been introduced in the amendment. The bill specifies the details regarding issuing authority, entitlement, and trading details for carbon credits. With India being the fourth largest emitter of CO2 in the world, ICRA foresees carbon trading opening up opportunities. Many states are making significant efforts to adopt the Energy Conservation Building Code and are front-runners in energy saving in commercial and public buildings. The scope of the bill has been expanded to include residential buildings, which account for 4 per cent of the CO2 emissions. Commenting further, Rohit Ahuja, Head of Research and Outreach, ICRA, has said, “Heavy penalties and widening the scope of the types of vehicles and buildings covered would help restrict carbon emissions. The bill has also increased the manpower of the governing council and empowered the State Electricity Regulatory Commissions (SERCs) for better control over energy transition goals. Overall, the amendment is a step in the right direction but the execution of the same and quantifying the results to meet the climate goal vision will be a key monitorable.”

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?