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India Joins Energy Efficiency Hub
Context
The Union Cabinet has approved the country's membership in the Energy Efficiency Hub, a global initiative aimed at enhancing the deployment of energy efficiency measures.
About the Energy Efficiency Hub
- The Energy Efficiency Hub was established in 2020 as a successor to the International Partnership for Energy Efficiency Cooperation (IPEEC), of which India was a member.
- Hosting: The Hub is hosted at the International Energy Agency (IEA) in France.
- Members: As of July 2024, the Hub includes 16 member countries: Argentina, Australia, Brazil, Canada, China, Denmark, the European Commission, France, Germany, Japan, Korea, Luxembourg, Russia, Saudi Arabia, the United States, and the United Kingdom.
- Objectives and Functions
- Collaboration: The Hub aims to foster collaboration among governments, international organizations, and private sector entities. It serves as a platform for sharing knowledge, best practices, and innovative solutions related to energy efficiency.
- Global Impact: By joining the Hub, India will be able to collaborate with other member states, sharing its expertise while learning from international best practices.
- The Bureau of Energy Efficiency (BEE), the statutory agency in India, has been designated as the implementing body for the Hub.
- Benefits of Membership
- Accelerating Transition: India’s participation in the Energy Efficiency Hub is expected to accelerate the transition to a low-carbon economy and enhance energy security.
- Climate Commitment: This move aligns with India's updated Nationally Determined Contributions (NDC) submitted to the United Nations Framework Convention on Climate Change (UNFCCC) in 2022, where India committed to reducing emissions intensity of its GDP by 45% by 2030 from 2005 levels.
- Long-term Strategy: India also outlined its long-term climate action strategy at COP27 in 2022, aiming for net-zero emissions by 2070 and about 50% of its cumulative electric power installed capacity to come from non-fossil fuel-based energy resources by 2030.
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