Indian parliament passes energy conservation bill

BENGALURU, India (AP) – Hot on the heels of meeting its updated climate goalsIndia’s government has taken another step towards its climate goals by passing amendments to a 21-year-old energy conservation bill, making it easier to put a price on carbon emissions and encouraging the use of non-fossil fuel sources for power to generate across. the country.

The bill sets out a minimum requirement for the use of renewable energy for corporations and residential buildings. It also grants clean energy users carbon-saving certificates that can be sold or traded and sets a new energy efficiency standard for homes, which account for 24% of India’s electricity use.

There are also penalties for corporations not using sufficient amounts of renewable energy sources to power their operations.

The bill is a “positive step” towards India’s climate goals, said Madhura Joshi, head of India’s energy transition at E3G, a climate change think tank.

“This bill will certainly increase the share of clean energy sources powering India’s industries and homes,” he said.

Last week, India pledged to reduce emissions from the nation’s economic growth activities by 45% by 2030 from 2005 levels. The country also plans to get half of its energy needs from non-fossil fuel energy sources by 2030, and promote a federal government program that encourages people to make green lifestyle changes.

“Every unit of energy saved or conserved is critical to reducing emissions,” said Bharath Jairaj who heads the World Resources Institute’s India energy program. The main highlights of the bill and emissions reduction are the inclusion of large residential buildings in building codes that require energy conservation.

Scientists say it is essential to cut greenhouse gases to limit the effects of climate change, which has already brought warmer weather and more devastating floods to India.

The bill is also the first time the Indian government has proposed a carbon trading system. Unlike in some other parts of the world, the so-called carbon market is still a new idea in India, Jairaj said.

“(It is) bound to be an important tool in reducing greenhouse gas emissions in India,” he said.

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Associated Press climate and environmental coverage is supported by several private foundations. See more about the AP climate initiative here. The AP is solely responsible for all matters.

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