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Wednesday, October 5, 2022

India updates Green Energy Bill

BENGALURU, India ( Associated Press) – India on Tuesday approved amendments to a 21-year-old energy conservation bill to make it easier to put a price on carbon emissions and encourage the use of non-fossil fuel sources to generate energy. . Country.

The bill establishes minimum requirements for corporations and residential buildings regarding the use of renewable energy. It also gives clean energy users carbon savings certificates that can be sold or traded and sets a new standard for energy efficiency in homes, which account for 24% of India’s electricity use.

It also considers restrictions for corporations that do not use renewable energy sources in sufficient quantities to power their operations.

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

“As a result of this bill, the share of clean energy sources that power India’s industries and households will definitely increase,” he said.

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

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

This bill is also the first time that the Government of India has proposed a carbon trading system.

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The Associated Press’s climate and environmental coverage is supported by several private foundations. Associated Press is solely responsible for all content.

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