Bureau of Energy Efficiency advises Andhra to recognise investment potential 

The carbon markets have been successful in reducing greenhouse gas emissions by setting a limit to emissions and enabling their trading.

Published: 18th April 2022 07:35 AM  |   Last Updated: 18th April 2022 07:35 AM   |  A+A-

Eco-friendly, renewable, green, environment, sustainability, sustainable

Representational image.

By Express News Service

VIJAYAWADA: The Bureau of Energy Efficiency (BEE) has advised the Andhra Pradesh government to recognise the potential of energy efficiency investments to enhance energy performance in key sectors, reduce carbon emissions, boost economy and create employment. 

In a communication to Energy Secretary B Sreedhar and the Andhra Pradesh State Energy Conservation Mission (APSECM), BEE Director General Abhay Bakre said the Government of India is developing carbon markets to reduce emissions and ill-effects of climate change. 

The carbon markets have been successful in reducing greenhouse gas emissions by setting a limit to emissions and enabling their trading. The BEE has prepared a draft blueprint on the National Carbon Market (NCM) and asked the APECM, the State Designated Agency under the Energy Department, to submit feedback on NCM. This will help create an effective and meaningful marketplace for carbon emissions trading, which facilitates lowering the economic cost of reducing emissions.   

Stating that the energy saving investment potential of the country is expected to be around Rs 10.02 lakh crore by 2031 under the moderate savings scenario, Bakre advised AP and other proactive States like Uttar Pradesh, Madhya Pradesh, Rajasthan, Punjab, and Tamil Nadu to identify energy efficiency investment potential in industrial, domestic, transport and other sectors.

The energy saving potential of the industrial sector is expected to be Rs 5.15 lakh crore, followed by the transport sector with Rs 2.26 lakh crore and the domestic sector with Rs 1.2 lakh crore.The State government has been advised to chalk out a roadmap to reach the energy saving target of 6.68 million tonnes of oil equivalent (MTOE) out of the national targeted energy savings of 150 MTOE by 2030. It has also been asked to go for fast track implementation of energy efficiency and energy conservation programmes in all key sectors.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp