The Energy Conservation (Amendment) Bill 2022 has been passed in the Lok Sabha, and the carbon trading market is expected to take shape.
“India is currently the third largest carbon emitter in the world, behind the US and China.”
“Hard to abate sectors include aviation, steel and shipping which rely on coal, oil and natural gas.”
“India’s cement industry is perhaps the most efficient in the world with the emission intensity reduced to 576 kg of CO2 per tonne of cement against the global average of 634 kg.”
“The cement industry has limited potential for further process efficiency and continues to be an HtAS.”