TAG: GS-2: IR
THE CONTEXT: The Union Cabinet has approved the signing of a letter of intent enabling India to join the International Energy Efficiency Hub. It is a global platform dedicated to fostering collaboration and promoting energy efficiency worldwide.
EXPLANATION:
About International Energy Efficiency Hub:
- It is a global platform dedicated to fostering collaboration and promoting energy efficiency worldwide.
- It was established in 2020 as the successor to the International Partnership for Energy Efficiency Cooperation (IPEEC), in which India was a member,
- The hub brings together governments, international organizations, and private sector entities to share knowledge, best practices, and innovative solutions.
- Member countries: Sixteen countries have joined the Hub (Argentina, Australia, Brazil, Canada, China, Denmark, European Commission, France, Germany, Japan, Korea, Luxembourg, Russia, Saudi Arabia, United States and United Kingdom).
- Implementing agency: Bureau of Energy Efficiency (BEE), the statutory agency, has been designated as the implementing agency for the Hub on behalf of India.
- BEE will play a crucial role in facilitating India’s participation in the Hub’s activities and ensuring that India’s contributions align with its national energy efficiency goals.
Significance:
- India will gain access to a vast network of experts and resources, enabling it to enhance its domestic energy efficiency initiatives.
- The country will also contribute to global efforts to address climate change by promoting energy-efficient technologies and practices.
- The country’s participation in this global platform will help to accelerate the transition to a low-carbon economy and improve energy security.
- This move solidifies India’s commitment to sustainable development and aligns with its efforts to reduce greenhouse gas emissions.
Source: https://pib.gov.in/PressReleasePage.aspx?PRID=2061655
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