Myx Oops Forge

Main Menu

  • Home
  • Bank Earnings
  • Economic Contraction
  • Clearing Houses
  • Cash Advance Payments
  • Bankroll

Myx Oops Forge

Header Banner

Myx Oops Forge

  • Home
  • Bank Earnings
  • Economic Contraction
  • Clearing Houses
  • Cash Advance Payments
  • Bankroll
Economic Contraction
Home›Economic Contraction›India Proposes New Rules To Encourage Green Energy Use In Industries, Auto News, ET Auto

India Proposes New Rules To Encourage Green Energy Use In Industries, Auto News, ET Auto

By Amber C. Lafever
October 30, 2021
0
0


India, the world’s third-largest emitter of greenhouse gases after China and the United States, is under pressure to announce its intention to become carbon neutral by mid-century.

India has proposed new rules to cut emissions and tackle climate change, including setting a minimum share of renewable energy to be used by its industries, the federal energy ministry said on Saturday.

The proposals to promote green hydrogen as an alternative to fossil fuels currently used by industries will be made effective through amendments to India’s Energy Conservation Act 2001.

The proposed amendments would facilitate the development of a carbon market in India and prescribe a minimum consumption of renewable energy, either as direct consumption or as indirect use through the grid, the Energy Ministry said in a statement.

“This will help reduce fossil fuel-based energy use and carbon emissions into the atmosphere.”

The announcement comes just days after India rejected calls to announce a net zero carbon emissions target and said it was more important for the world to chart a course to reduce those emissions and avoid a dangerous increase in global temperatures.

India, the world’s third-largest emitter of greenhouse gases after China and the United States, is under pressure to announce its intention to become carbon neutral by or so mid-century at the conference on the climate next week in Glasgow.

Read also:

A joint statement released after Prime Minister Narendra Modi held the first in-person meeting with his Italian counterpart Mario Draghi on the sidelines of the G20 summit in Rome, said the two leaders agreed to encourage joint investment by Indian companies and Italians in the energy transition. related fields.

It is important to remember that the goals set by others are not as ambitious as they seem. The 2018 Intergovernmental Panel on Climate Change report asserted that if warming were to be limited to 1.5 degrees centigrade, the global economy would have to reach net zero by 2050.


Related posts:

  1. Setting the stage for restoration
  2. Contraction in energy demand and cronyism with pure fuel
  3. Delhi’s financial system is anticipated to contract 5.68% in FY21
  4. UK Employer Legal responsibility Insurance coverage Market Outlook
Tagsunited states
  • Privacy Policy
  • Terms and Conditions