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TWO STEPS TO FIGHT CLIMATE CHANGE

 TWO STEPS TO FIGHT CLIMATE CHANGE


India has taken two important steps on August 3, 2022, to display its willingness to fight climate change and fulfill its commitments made at COP 26 Glasgow UK held from 12 October to 12 November 2021. One is the  Introduction of the Energy Conservation Bill in the Lok Sabha (Lower Parliament) to amend the already existing Law and the other is Approving NEW Climate Targets and updating NDCs.

THE ENERGY CONSERVATION AMENDMENT BILL,2022 

The government of India introduced this amendment bill in the parliament with a provision for mandatory minimum use of non-fossil sources including 1)Green hydrogen and Green Ammonia  Biomass and Ethnol for energy and feedstock, 2) setting up carbon trading markets, 3) bringing large residential buildings under energy conservation ambit 4) enhancing the scope of Energy Conservation Building Code; 5) amending penalty provisions; 6) increasing members in the Governing Council of Bureau of Energy Efficiency, and 7) empowering the State Electricity Regulatory Commissions to make regulations for smooth discharge of its functions.


The Energy Conservation Act 2001 was earlier amended earlier in 2003 and 2010. A need has arisen to further amend the Act to facilitate the achievement of COP-26 commitments for promoting renewable energy, domestic carbon trading, and introducing new concepts like mandating the use of non-fossil sources to ensure faster decarbonization of the Indian economy. 

Currently, only the commercial buildings can be mandated to follow the energy efficiency code. The proposed code will now be applicable to new residential complexes consuming a 100 KW load, typically societeis with 201 BHKs or above. The new proposal is likely to save Rs.1,20,000 crore worth of electricity by the year 2030 avoiding generation of 300 billion units.However this is expected to increase the cost of construction by 2-3% but the recovery will occur slowly within 4-5 years through reduced electricity bills.


NEW CLIMATE TARGETS AND NDCs


The Union Cabinet approved India's updated climate targets on August 3, 2022, as announced by the Prime Minister Narendra Modi at the COP-26 Glasgow Conference.  India now intends to reduce emission intensity upto 45% of ots GDP by 2030 from 2005 level and achieve about 50% cululative electric power  installed capacity fron non-fossil fuel based energy resources by 2030 as per new nationally determined contributions (NDCs).

India's NDCs do not bind it to any sector specific mitigation obligation  or action.  It will aim at reducing overall emission intensity nd improving energy efficiency of the economy overtime and protecting vulnerable sectors  of the economy and segments of the society. The updated NDCwill also be key to India's shift to renewal energy will lead to an overall increase in green jobs in the field of renewable energy, clean energy industries, manufacturing of low emission products, and innovative technologies such as green hydrogen etc,.


This commitment will soon be communicated to the UN Framework Convention on Climate Change.  The updated NDC (2021-2030) will be implemented through various schemes of Central, State and Union Terrirotories. This will help India achieve its net-zero goal by 2030.


RESPONSIBILITIES, CLIMATE JUSTICE & CLIMATE FINANCES


India's  position on differentiated responsibilities, climate justice and finances should be well known to all stakeholders.  India's climate actions have so far been financed from domestic resources but providing additional  financial resources anill lead to an overald transfer of technolgy for addressing global climate change challenges should be the commitments and responsibilities of developed countries under UNFCC and the Paris Agreement.

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