• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, June 27 Amid spiralling crude oil prices, the Prime Minister, Dr Manmohan Singh, on Friday asked the Ministry of New and Renewable Energy to draft schemes and guidelines for the introduction of ‘Renewable Energy Certificates’ to encourage States to promote and trade in renewable energy.

At a meeting of the Energy Coordination Committee chaired by him, Dr Singh underlined the importance of developing renewable energy in India.

The proposed certificates would designate ‘green power’ as a tradable commodity and promote inter-State sales of renewable generation.

The Government has already kicked-off the process of hiring consultants for the development of a Renewable Energy Certification mechanism for India on the lines of ‘green tags’ being used in the US and the UK, which would provide a platform for trading between renewable energy surplus and deficit States, with provisions for a clearing house mechanism and energy accounting framework.

Dr Singh said the Centre will soon set up a solar energy mission and promote the use of solar lanterns across the country.

Members of the coordination committee emphasised the vital importance of replacing kerosene lanterns with solar lanterns on account of India’s import dependence on crude oil, the high fiscal subsidy for kerosene and the environmental benefits of solar energy over kerosene.

The Prime Minister asked the Minister of New and Renewable Energy to come forward with a comprehensive action plan for new and renewable energy development in consultation with State governments.

More Stories on : Non-conventional Energy | Standards & Benchmarks | Environment

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
PM pushes for ‘green’ energy tags

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line