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

Marriott Opens First Global Tech Center in...

Marriott International has launched its first Global Capability Centre (GCC) in...

India Joins International Energy Efficiency...

India has been approved to join the International Energy Efficiency Hub, a 16-nation...

India, US Discuss Investments in Industrial Cities

India and the US discussed investment opportunities in planned industrial cities,...

PTC India Approves Rs 7.80 Dividend for FY24

PTC India shareholders have approved a final dividend of Rs 7.80 per equity share for...

BSE Discontinues Weekly Index Derivatives on...

BSE announces the discontinuation of weekly index derivatives contracts on Sensex 50...

RBI Research: Onion Farmers Get 36% of Consumer...

A Reserve Bank of India research paper suggests reforms in agricultural marketing,...

Odisha CM Promises Business-Friendly...

Odisha Chief Minister Mohan Charan Majhi assures investors of a business-friendly...

Google India: AI to Play Big Role in Next 20 Years

Google India MD Roma Datta Chobey discusses the company's AI strategy for India,...

Groww Creditserv Gets A/A1 Rating from ICRA

Groww Creditserv Technology Pvt Ltd (GCS), the lending arm of Groww Group, has received...

Odisha CM Promises Business-Friendly...

Odisha Chief Minister Mohan Charan Majhi has assured investors of a business-friendly...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com