Amended Energy Conservation Bill seeks to build carbon credit market

Will also embrace green fuels, industrial energy efficiency

In line with the climate commitments made by India at the 26th session of the Conference of the Parties, commonly called COP26, the Centre has introduced amendments to its the Energy Conservation Act, 2001, to meet the targets embracing green fuels, industrial energy efficiency, and build the country’s own carbon credit market.

The Energy Conservation (Amendment) Bill , 2022, text said the amendments have been proposed in the context of energy transition being planned by India with focus on promotion of renewable energy and the National Green Hydrogen Mission. It said the Bill will help meeting the five targets announced