The Energy Conservation (Amendment) Bill, 2022, which the government presented on August 5, 2022 in the Lok Sabha, is a significant milestone in India’s Just Transition strategy. Its contentious ideas, which include the effect on farmers, power subsidies, and most crucially, the allocation of authorities and tasks between the Central and state governments, have drawn great scrutiny and controversy.
The Bill, which was passed by the Rajya Sabha on December 12, 2022, cleared the way for “mandatory use of non-fossil sources,” such as green hydrogen, green ammonia, biomass, and ethanol for energy and feedstock, as well as the creation of carbon markets in the nation. The Bill proposes to mandate the use of non-fossil fuels for industrial operations and carbon credit trading schemes, which may encourage manufacturing enterprises to increase their usage of green energy for their purposes.
Source: Barandbench
