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New Delhi : Union Minister of State (IC), Power and New & Renewable Energy & Minister of State, Skill Development and Entrepreneurship R K Singh on May 6, 2020, released a Report on “Impact of energy efficiency measures for the year 2018-19” through Video conference.
Unveiling the e-book, Singh said, “we have pledged in COP-21 that we will bring down energy intensity of economy by 33 to 35% compared to 2005 levels by 2030. Now, with our energy efficiency initiatives we have already reduced the energy intensity of our economy by 20% compared to 2005 levels which is a very good performance indeed.”
This report was prepared by an Expert agency PWC Ltd, which was engaged by Bureau of Energy efficiency (BEE) for an independent verification to assess the resultant annual savings in energy as well as CO 2 emissions through various initiatives in India. The findings of the report reflect that implementation of various energy efficiency schemes have led to total electricity savings to the tune of 113.16 Billion Units in 2018-19, which is 9.39% of the net electricity consumption. Energy savings (electrical + thermal), achieved in the energy consuming sectors (i.e. Demand Side sectors) is to the tune of 16.54 Mtoe, which is 2.84% of the net total energy consumption (approx..581.60 Mtoe) in 2018-19, according to a PIB release.
The total energy savings achieved in 2018-19 is 23.73 Mtoe (million Tonne of Oil Equivalent), which is 2.69% of the total primary energy supply (estimated to be 879.23 Mtoe in India) during 2018-19. This includes both Supply Side and Demand Side sectors of the economy. Overall, this study has estimated that various energy efficiency measures have translated into savings worth Rs 89,122 crore (approximately) against last year’s (2017-18) savings of Rs 53,627 crore. These efforts have also contributed in reducing 151.74 Million Tonnes of CO2 emissions, whereas last year this number was 108 MTCO2.