■ RS passes ‘futuristic’ Energy Conservation Bill to further regulate carbon emissions-
✅Parliament recently passed the Energy Conservation (Amendment) Bill-2022.
✅It enables the Union government to set up a carbon credit trading scheme and specify the minimum amount of non-fossil sources to be used by designated energy consumers.
● About the bill:
✅Amends the Energy Conservation Act-2001
✅Aim:
✅To cut emission intensity by 45%
✅To achieve 50% of the installed capacity of electricity generation from non-fossil fuel sources.
✅On carbon credit trading: Central Electricity Regulatory Commission (CERC) would be the regulator and that the carbon price would be determined by the market.
✅Covers large buildings: those with a connected load of 100 kilowatt and above.
