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India along with Government of United Kingdom launched new workstream to promote industrial energy efficiency under the Clean Energy Ministerial’s (CEM) – Industrial Deep Decarbonization Initiative (IDDI) co-ordinated by UNIDO, at the 12th Chief Energy Ministerial (CEM). The 12th CEM is active from May 31 and June 6, 2021.
The IDDI initiative has been supported by Germany and Canada, with more countries expected to join soon. The objective is to infuse green technologies and stimulate demand for low-carbon industrial material.
Alok Kumar, Secretary, Ministry of Power highlighted that India is committed to cut emissions intensity per unit of GDP by 33 to 35 per cent by 2030.
The commitment hinges on effective deployment of low carbon technologies in Energy Intensive Sectors like Iron & Steel, Cement and Petrochemicals. He elaborated that Govt policies have resulted in substantial savings in energy at demand side.
Despite this progress, India still trails China in total green technology funding for the year, raising $3.6 billion compared to China’s $5.6 billion.
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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