India Joins International Energy Efficiency Hub: Cabinet Approves Entry

By By Rediff Money Desk, New Delhi
Oct 03, 2024 22:24
India has been approved to join the International Energy Efficiency Hub, a 16-nation group focused on sharing energy efficiency practices and solutions. The move will enhance India's energy efficiency efforts and contribute to global climate change initiatives.
New Delhi, Oct 3 (PTI) The Union Cabinet on Thursday approved a proposal for India's entry to International Energy Efficiency Hub.

The decision will help India gain access to an exclusive 16-nation group sharing strategic energy practices and innovative solutions, the Ministry of Power said in a statement.

"The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the signing of 'Letter of Intent' thus enabling India to join the 'Energy Efficiency Hub," it said.

Energy Efficiency Hub is a global platform dedicated to fostering collaboration and promoting energy efficiency worldwide.

As a member of the hub, India will benefit from opportunities for collaboration with other member states, sharing its own expertise and learning from international best practices, the ministry said.

The country will also contribute to global efforts to address climate change by promoting energy-efficient technologies and practices, it said.

Established in 2020 as the successor to the International Partnership for Energy Efficiency Cooperation (IPEEC), in which India was a member, the hub brings together governments, international organisations, and private sector entities to share knowledge, best practices, and innovative solutions.

As of July 2024, sixteen countries (Argentina, Australia, Brazil, Canada, China, Denmark, European Commission, France, Germany, Japan, Korea, Luxembourg, Russia, Saudi Arabia, the United States and the United Kingdom) have joined the Hub.

Bureau of Energy Efficiency (BEE), the statutory agency, has been designated as the implementing agency for the hub on behalf of India.
Source: PTI
Read More On:
indiaclimate changeenergy efficiencyglobal collaborationinnovative solutionsbureau of energy efficiencybeeinternational energy efficiency hubenergy hubenergy practices
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Jaipur Discom Intensifies Revenue Recovery

Jaipur discom JVVNL intensifies revenue recovery amid mounting dues. Vigilance...

FPI Outflow: Rs 17,955 Cr Exit Indian Equities

FPIs withdraw Rs 17,955 cr from Indian equities in Dec. Total outflow at Rs 1.6 lakh cr...

Top Firms Lose Rs 79,129 Cr in Market Cap

Top 10 firms lose Rs 79,129 cr in market cap. Bajaj Finance, ICICI Bank hit hardest...

Pride Hotels IPO by 2026 for Renovations

Pride Hotels plans IPO by March 2026 to fund hotel renovations and reduce debt. IPO...

GPS Interference: IATA Concerns for Global...

IATA raises concerns over rising GPS spoofing & jamming incidents affecting flights...

Ola Electric Hyperdelivery for 4680 Bharat Cell...

Ola Electric starts Hyperdelivery for 4680 Bharat Cell powered vehicles in Bangalore....

Rajasthan: 4 GW Solar Capacity Faces Curtailment

4.3 GW of solar power in Rajasthan faces curtailment due to transmission constraints,...

BMW Expands MINI in India: New Models & Sales...

BMW plans to expand the MINI portfolio in India with new models and sales network....

Copper Industry Seeks Safeguard Duty on Cheap...

Indian copper industry flags cheap imports under FTAs, seeks 3% safeguard duty and...

Crude Oil Diversification: Panel Urges Action

Parliamentary panel urges India to diversify crude oil sources to mitigate geopolitical...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com