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The Union Cabinet, led by Prime Minister Narendra Modi, on Thursday approved the signing of the 'Letter of Intent,' thus enabling India to join the 'Energy Efficiency Hub.'
India will join the International Energy Efficiency Hub (Hub), a global platform dedicated to fostering collaboration and promoting energy efficiency worldwide. This move solidifies India's commitment to sustainable development and aligns with its efforts to reduce greenhouse gas emissions. 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 organisations, and private sector entities to share knowledge, best practices, and innovative solutions. By joining the Hub, India will gain access to a vast network of experts and resources, enabling it to enhance its domestic energy efficiency initiatives. As of July, 2024, sixteen countries (Argentina, Australia, Brazil, Canada, China, Denmark, the European Commission, France, Germany, Japan, Korea, Luxembourg, Russia, Saudi Arabia, the United States, and the United Kingdom) have joined the Hub. As a member of the Hub, India will benefit from opportunities for collaboration with other member states, sharing its own expertise and learning from international best practices. The country will also contribute to global efforts to address climate change by promoting energy-efficient technologies and practices. 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. By joining the Hub, India is taking a significant step towards more sustainable future. The country's participation in this global platform will help to accelerate the transition to a low-carbon economy and improve energy security. (ANI)
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