The bill aims to reduce total projected carbon emissions by 1bn t by 2030
India legislates on emissions
Revision of energy conservation bill aims to enshrine updated NDC in law and introduce a carbon market
India has introduced a new climate and energy bill that will establish a carbon emissions trading scheme, more stringent energy efficiency measures for industry and buildings, and an acceleration of its renewables rollout. The bill is based on the so-called ‘Panchamrit’, or ‘five nectar elements’, presented by India at the Cop26 talks in Glasgow. These are to reach 500GW of renewable power capacity by 2030, derive 50pc of final energy consumption from renewables by 2030, reduce total projected carbon emissions by 1bn t by 2030, cut the carbon intensity of the economy by 45pc below 2005 levels by 2030, and reach net-zero emissions by 2070. India introduced an energy conservation act in 2001 i
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