India India to develop and promote renewable energy and carbon markets

Lok Sabha receives proposed amendments to Energy Conservation Act

India to develop and promote renewable energy and carbon markets

In India, a bill “the Energy Conservation (Amendment) Act, 2022”, was submitted to the Lok Sabha on August 3, 2022 to promote the development of renewable energy and the domestic carbon trading market. The proposed amendments are intended to mandate the use of non-fossil resources including green hydrogen and green ammonia, establish a carbon market, expand the scope of application of the Energy Conservation Building Code, revise penal provisions, and grant the State Electricity Regulatory Commission the authority to create regulations.

 

  • Replace the definition of “building” with the following:

Author / Responsibility

YAMANOUCHI Kengo

Senior Research Associate, Research & Consulting Dept. EnviX Ltd.

Business Performance

In charge of South Asia (India, Bangladesh, etc.), South Korea, Latin America (Mexico, Colombia, etc.) and Turkey for managing infomation on the environmental regulations

Background

MA, Environment, Development and Policy, University of Sussex

YAMANOUCHI Kengo