: What’s in India’s new energy bill? Carbon credit market and green energy for residential buildings #IndiaNEWS India’s Energy Conservation (Amendment) Bill, 2022, passed by Lok Sabha on August

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What’s in India’s new energy bill? Carbon credit market and green energy for residential buildings #IndiaNEWS
India’s Energy Conservation (Amendment) Bill, 2022, passed by Lok Sabha on August 10, proposes boosting the use of non-fossil fuel energy – including green hydrogen and green ammonia – to reduce imports of fuels needed to power the country. The legislation is set to replace the principal act, Energy Conservation Act which was passed by Parliament in 2001 and had paved the way for energy conservation with a special focus on energy efficient appliances and technology. The act also led to formation of the Bureau of Energy Efficiency, the nodal government agency that handles energy conservation issues such as framing of rules, standards and specifications among others.The latest bill, among other things, mandates large residential and commercial buildings – with a minimum of 100 kilowatt of connected load or contract demand to 120 kilovolt Ampere, or KVA – to mandatorily use a minimum portion of clean energy for their energy needs. Earlier the mandatory rule was for commercial buildings with a minimum connected load of 500 KW. The bill also empowers states to amend building bylaws to make these buildings energy efficient and sustainable. The states have been empowered with this bill to make these by-laws. A penalty of a maximum of Rs 10 lakh for not...Read more

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