Ministry of Power
Legal framework for Energy Transition
Posted On: 08 DEC 2022 7:49PM by PIB Delhi
The framework for Energy Transition is governed by India‟s Commitment under Nationally Determined Contribution (NDC) submitted to United Nations Framework Convention on Climate Change (UNFCCC). In this context, Ministry of Environment, Forest and Climate Change (MOEF&CC) has submitted to UNFCCC secretariat a framework document “India‟s Long-Term Low-Carbon Development Strategy” which has the elements of Long-Term Low-Emissions Development Strategies including rational utilisation of fossil fuel resources, with due regard to energy security, expanding renewables & strengthening the grid etc.
Further, with an objective to support energy transition, The Energy Conservation (Amendment) Bill, 2022 has been introduced in the Parliament, which was passed by the Lok Sabha on 08.08.2022; this Bill will be presented for consideration in this Session of Parliament in the Rajya Sabha.
The following provisions in the proposed Bill have been included to support to energy transition activities:-
(i) Specify minimum share of consumption of non-fossil sources by designated consumers as energy or feedstock;
(ii) Specify the carbon credit trading scheme;
(iii) Coverage of large residential buildings within the fold of Energy Conservation regime; and
Enhance the scope of Energy Conservation Building Code to include sustainability aspects.
This information was given by Shri R.K Singh, Union Minister of Power and New & Renewable Energy in a written reply in Lok Sabha today.
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