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The current Bill is an amendment to the Energy Conservation Act, 2001 that led to the establishment of the Bureau of Energy Efficiency, a government body responsible for the development and implementation of energy conservation policies and programs in India.
Prime Minister Narendra Modi, in his 76th Independence Day address to the Nation, emphasised the strategies for the 25 years to make India a developed economy. That is a set of strategies called ‘Panch Pran’. A developed India or Aatmanirbhar Bharat (Self-sufficient India) cannot be imagined without the increased share of renewable energy and achieving our climate change goals. In this trail, Energy Conservation (Amendment) Bill is one such step mandated by the Lok Sabha on 8th August 2022 that fulfills the vision of Aatmanirbhar Bharat.
What is the Energy Conservation (Amendment) bill?
The current Bill is an amendment to the Energy Conservation Act, 2001 that led to the establishment of the Bureau of Energy Efficiency, a government body responsible for the development and implementation of energy conservation policies and programs in India.
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The new amendment bill will replace the earlier one with a new mission of tackling climate change and global warming. That includes the following variants as
India in recent years went through two major conventions on climate change held at Paris and Glasgow (COP 26) which served as a major impetus towards India’s propensity to curb global temperatures.
At 26th UNFCCC at Glasgow in Scotland, also termed COP-26, India promised to fulfill its obligations in limiting the rise of global temperatures to 1.5 degrees through a five-layered agenda named ‘Panchamrit’ or ‘The Five Ambrosia’.
What is ‘Panchamrit’ (The Five Ambrosia’)?
Hopefully, India is set to achieve all its climate goals barring one (net zero by 2070) even before 2030, the new bill is reckoned with a catalyzing agent to stimulate India’s progress to tackle the global climate crisis.
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