NEWS – The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved India’s joining of the International Energy Efficiency Hub (Hub) by signing a ‘Letter of Intent’. This marks a significant move in India’s efforts towards sustainable energy practices and global collaboration in energy efficiency.

HIGHLIGHTS

About International Energy Efficiency Hub

• Establishment: The Hub was established in 2020 as the successor to the International Partnership for Energy Efficiency Cooperation (IPEEC), in which India was already a member.
• Purpose: It serves as a global platform for fostering collaboration, sharing best practices, and promoting innovative energy efficiency solutions.
• Membership: Sixteen nations, including Argentina, Australia, Brazil, China, France, and the United States, are members of this Hub.

India’s Role in the Hub

• Access to Global Expertise: India will now gain access to a vast network of experts and resources to improve its domestic energy efficiency strategies.
• Knowledge Sharing: India will contribute its own expertise and benefit from the international exchange of innovative solutions and energy-efficient technologies.
• Climate Change Commitment: Participation will strengthen India’s role in global efforts to address climate change through the adoption of energy-efficient practices.

Bureau of Energy Efficiency (BEE) – Implementing Agency

• Role of BEE: The Bureau of Energy Efficiency (BEE), a statutory agency under the Ministry of Power, has been designated as the implementing agency for India’s participation in the Hub.
• Responsibilities: BEE will ensure India’s active involvement in the Hub’s activities and that contributions align with the nation’s energy efficiency objectives.

Significance of Joining the Hub

• Boost to Domestic Energy Efficiency: India will benefit from collaboration with other member states, enhancing its domestic energy efficiency initiatives.
• Support for Low-Carbon Economy: This partnership accelerates India’s transition towards a low-carbon economy by promoting sustainable energy practices.
• Global Leadership in Energy Efficiency: By joining the Hub, India affirms its commitment to reducing greenhouse gas emissions and playing a crucial role in global energy security.