BRICS nations have come out with a draft action plan to jointly work on research as well as technological development to promote energy saving and efficiency through a host of initiatives that could be supported by the group’s development bank.
The draft action plan, adopted at the two-day meeting of the Working Group in Vishakhapatnam on Tuesday, will be submitted for approval of the Brazil, Russia, India, China and South Africa (BRICS) ministers for energy later this year.
Additional Secretary (Power) BP Pandey, who represented India in the Working Group, told reporters here that “broad elements” agreed upon included building capacities, sharing best practices and policies, developing technology, promoting energy efficient and saving methods/tools by business entities as well as financing of such initiatives through BRICS Development Bank.
“Under the Paris Agreement, India is committed to reduce emissions by 30-35 per cent by the year 2030. Accordingly, we have launched a series of programmes aimed at improving energy efficiency,” Pandey said.
“The National Mission on Lighting, star-labelling of appliances, energy saving in the industrial sector through PAT (Perform, Achieve, Trade) and implementation of Energy Conservation Building Code…all are aimed at improving energy efficiency and reducing emissions,” he added.
The official also apprised that the Centre has set a target of producing 160 GW of renewable energy by 2022.
“By 2030, 40 per cent of our (electricity) installed capacity will be renewable energy. Solar power is becoming more competitive these days with price being less than Rs 5 per unit. China has gone in a big way in solar energy and we can emulate that,” Additional Secretary (Power) BP Pandey said.
Senior delegates from Brazil, China, Russia, South Africa and India attended the meeting as a follow up to the Memorandum of Mutual Understanding in Energy Saving and Energy Efficiency signed between BRICS Nations in the month of November 2015 in Moscow.
The Working Group exchanged best practices amongst the Member countries in the field of energy efficiency, including the smart street light project in Vishakhapatnam, and suggested that BRICS member countries may explore the possibility of replicating the model.
Xolile Mabusela (South Africa), Shancheng Wang (China), Olga Yudina (Russia) and Paula Rassi (Brazil) represented their countries at the Working Group meet.
The BRICS delegates went round Visakhapatnam last evening to inspect the LED street lighting system that resulted in a power saving of 70 lakh units and Rs 4.20 crore per annum.