On the heels of finalizing its updated climate targets, the Indian government took another step toward their climate goals by passing amendments to a 21-year-old energy conservation bill, which makes it easier to put a price on carbon emissions and encourages the use of non-fossil fuel sources to generate power across the country.
The bill sets out a minimum requirement for renewable energy use for corporations and residential buildings. It also grants clean energy users carbon-saving certificates that can be sold or traded and lays out a new energy efficiency standard in homes, which account for 24% of India’s electricity use.
