Enigin News - Indian Industry Face new Energy Efficiency Rules
IN a new measure to check greenhouse gas emissions, the Indian government has initiated a domestic carbon trade mechanism, imposing penalties on industries failing to achieve energy efficiency targets.
New rules affecting eight energy-intensive industrial sectors will allow the government to impose a penalty of over Rs10,000 for each tonne of oil-equivalent short of the target.
There is an incentive for companies who better the energy-efficiency target set for 2014-15. For each extra tonne of oil-equivalent saved, the business will gain an energy saving certificate, which can then be sold, through a market system, to the companies that fail to achieve the target.
Ajay Mathur, the director general of the Indian Bureau for Energy Efficiency (BEE) said that the scheme would enable industry to “progressively” reduce its carbon intensity, strengthening its bottom line as well. “In a way, the production cost for each tonne will reduce,” he said.
The BEE wants to target energy-intense industries, including iron and steel, cement, fertilisers, aluminium, pulp and paper, chloralkali, textiles and thermal and power stations.
Enigin Distributors in India have the range of products from Enigin to help all these industries make substantial savings on their energy consumption and hence energy bills and ultimately the financial advantage of achieving the governments targets, to discover how contact your local Enigin Distributor now.
Photo of Taj Mahal by Foxypar4 reproduced under CCL.
Monday 2nd April 2012