Energy efficiency and its integration with all sustainable development measures will be of crucial importance to industry, according to Suresh Prabhu, MP and India’s Sherpa to the G20. Combined with demand-side management and other sustainable growth measures, this is crucial to the country and its industry, he told the 19th Energy Efficiency Summit 2020.
“This is the only way forward for reducing the country’s GHG (greenhouse gas) emissions, coal consumption, electricity generation and wastage, and to improve the economy,” Prabhu told the delegates attending the virtual summit, which was held along with the 21st CII National Awards for Excellence in Energy Management 2020.
According to Abhay Bakre, director general of the Bureau of Energy Efficiency (BEE), energy efficiency is best perceived as “a movement, where all stakeholders contribute positively”. BEE secretary, R.K. Rai, made a special address to the virtual gathering, in which he underlined the importance of innovation in energy management. “We have the opportunity to learn from the past and adopt high levels of energy efficiency as we resume business and manufacturing,” he said. While more than ₹1 lakh crore worth of loans having been availed by MSMEs from the financial stimulus package announced by the government already, the Perform, Achieve and Trade (PAT) scheme is also nudging industries towards innovation in energy performance,” Rai added.
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File picture of wind mills in Karnataka. Source: Pxfuel.com
