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Title: Bill to promote non-fossil energy sources, carbon credit trading passed
Source:Business Standard
Date:12 December 2022
Parliament passed a bill seeking to mandate the use of non-fossil energy sources such as biomass, ethanol, and green hydrogen. The bill provides for penalties for violations by industrial units or vessels, and on manufacturers if a vehicle fails to comply with fuel consumption norms. The amendments also seek to promote renewable energy and the development of a domestic carbon market to battle climate change. The bill is also aimed at helping the country achieve its international commitments on climate change.
