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Towards an Energy-Efficient Economy: Policy Measures by Government of India

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Sustainable Development Insights from India

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Abstract

India, the second-most populous country in the world and the third-largest consumer of primary energy, faces the challenge of meeting the twin objectives of fulfilling the aspirations of its citizens by providing them a reasonable standard of living while at the same time to protect its environment and meet climate change objectives. A potent strategy for India that can help in achieving both these objectives is that of energy efficiency. However, literature talks about an energy efficiency gap implying that actual energy efficiency is rarely at the optimal level, if ever. Economic theory suggests a variety of economic instruments to close this energy efficiency gap. The Government of India has adopted various policy measures to enhance the energy efficiency of its industrial and household sector. The chapter aims at analysing these energy efficiency interventions by the Government of India and comment on their performance.

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Notes

  1. 1.

    EU Directive 2012/27/EU.

  2. 2.

    Additionality implies that only measures that would have not taken place in the absence of the policy are rewarded.

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Author information

Authors and Affiliations

  1. Centre for International Trade and Development, School of International Studies, Jawaharlal Nehru University, New Delhi, India

    Sangeeta Bansal

  2. Indian Economic Service, Department of Economic Affairs, Ministry of Finance, New Delhi, India

    M. Rahul

Authors
  1. Sangeeta Bansal
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  2. M. Rahul
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Correspondence to Sangeeta Bansal .

Editor information

Editors and Affiliations

  1. Institute of Economic Growth, University of Delhi Enclave, Delhi, India

    Purnamita Dasgupta

  2. Department of Economics, Indraprastha College for Women, University of Delhi, Delhi, India

    Anindita Roy Saha

  3. School of Liberal Studies, Dr. B. R. Ambedkar University Delhi, Delhi, India

    Robin Singhal

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Bansal, S., Rahul, M. (2021). Towards an Energy-Efficient Economy: Policy Measures by Government of India. In: Dasgupta, P., Saha, A.R., Singhal, R. (eds) Sustainable Development Insights from India. India Studies in Business and Economics. Springer, Singapore. https://doi.org/10.1007/978-981-33-4830-1_9

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