The Ministry of Power December 26, 2022, appoints a date for the Energy Conservation (Amendment) Act, 2022. The Central Government hereby appoints January 01, 2023, as the date on which all the provisions of the Energy Conservation (Amendment) Act, 2022 shall come into force.
Parliament on December 12, 2022 has passed the Energy Conservation (Amendment) Bill, 2022 with Rajya Sabha approving it today. The Act seeks to amend the Energy Conservation Act, of 2001. It promotes energy efficiency and conservation. The Bill empowers the Centre to specify a carbon credit trading scheme.