New Delhi: Union Minister Raj Kumar Singh is to move the Energy Conservation (Amendment) Bill, 2022 in the Rajya Sabha on Monday to amend the Energy Conservation Act, 2001 to empower the central government to specify a carbon credit trading scheme.
The Lok Sabha has already passed the Bill in August to amend the Energy Conservation Act, 2001. The Energy Conservation Act, 2001 was also amended in 2010 to address various new factors which emerged with the development of the energy market over a period of time and to provide for more efficient and effective use of energy and its conservation.
