Energy efficiency leads to considerable savings in 2018-19

Energy efficiency measures have led to savings worth Rs 891.22 billion in 2018-19, an increase of 66 per cent over Rs 536.27 billion recorded in 2017-18, as per a recent report by the Bureau of Energy Efficiency. These efforts have also contributed to reducing 151.74 million tonnes (mt) of carbon dioxide (CO2) emissions in 2018-19 as against 108 mt of CO2 in the previous year. The implementation of energy efficiency schemes have led to a total electricity savings of about 113.16 billion units in 2018-2019, which is 9.39 per cent of the net electricity consumption. With the ongoing energy efficiency initiatives, the country has already reduced energy intensity of the economy by 20 per cent compared to 2005 levels. As per India’s commitment in COP-21, the country needs to reduce energy intensity of economy by 33-35 per cent compared to 2005 levels by 2030.

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