The Ministry of Power (MoP) have proposed amendments to the Energy Conservation Act, 2001 to promote clean energy consumption. …
The Government of India has identified some new areas to achieve higher levels of renewable energy (RE) penetration. The amendments entail defining minimum share of RE in the overall consumption by any establishment. There will be incentiveson using clean energy sources by means of carbon saving certificates. MoP has reviewed the proposed amendments recently and sought comments and suggestions from various stakeholders. The proposed amendments would facilitate development of carbon market in India and prescribe minimum consumption of RE either as direct consumption or indirect use through grid. This will help in reduction of fossil fuel-based energy consumption and carbon emissions.The provisions also aim to facilitate promotion of green hydrogen as an alternate to the existing fossil fuels used by the industries.