What: The Energy Conservation(Amendment) Bill 2022 was introduced in Lok Sabha to act as a facilitator to achieving India’s climate change targets.
Aim of the Bill: It aims to promote renewable energy, develop a “domestic carbon market”, and introduce the concept of “carbon trading”. It also aims to empower the state electricity regulatory commissions to make regulations for smooth discharge of its function.
Bill’s mandate: The bill seeks to mandate the use of non-fossil sources, including green hydrogen for energy resources and feedstocks. It brings the residential buildings within the energy conservation regime and increases the scope of the energy conservation building code.