Energy Conservation is necessary for Environmental benefits to reduce Global Warming Potential In spite of many efforts and benefits of energy efficiency, the various barriers such as technical, financial, market and policy have constrained the implementation of energy efficiency projects in India to influence Carbon Foot Print Credits. Some of these barriers are, lack of awareness, financing , effective co-ordination and Standardization of energy consuming equipment’s, Shortage of widespread education and training, Economic and market distortions, Policy framework With the background of high energy saving potential and its benefits, to bridge the gap between demand and supply, to reduce environmental emissions throughout in energy saving, and to effectively overcome the barriers’ provides, for the first time, the much-needed legal framework and institutional arrangement for embarking or energy efficiency drive.
To Promote Energy Conservation by Implementing benchmarking products and analyzing energy use patterns, identifying energy-efficiency opportunities, and to conducting cost-benefit analysis in a leading framework to reduce energy intensity, results pollution control and safety aspects. Energy consumers for industrial and commercial users, individuals and organizations may want to optimize operational energy costs through Energy Management practices.
Energy Management today has become a key factor in deciding the product cost at micro level as well as in dictating the inflation and the debt burden at the macro level. Energy cost is a significant factor in economic activity at par with factors of production like capital, land and labor. The imperatives of an energy shortage situation calls for energy conservation measure, which essentially mean using less energy for the same level of activity.
Energy management is the best solution for direct and immediate reduction of energy consumption. For the last few decades we have been exploring various alternatives to conventional sources of energy like solar, wind and biomass energy. However, due attention must also be given to best utilization of energy, improvement in energy efficiencies and optimum management of energy resources. Infact, energy management deals with already existing sources and actual consumption. It includes planning and operation of energy-related production and consumption units
The main objectives of energy management are resource conservation, climate protection and cost savings. The central task of energy management is to reduce costs for the provision of energy in buildings, industries and utilities, plant assessments and facilities without compromising work processes. The simplest way to introduce energy management is the effective use of energy to maximize profit by minimizing costs. Energy management could save up to 30 to 40% average of the energy consumption in a typical plant system.
Energy is an integral part of today’s modern life. It has become the blood of our day to day life. But it is not free. It comes at a monetary price but more than that it comes at environment cost. It is very difficult to think about our modern life without energy. But the generation of energy requires natural resources which are depleting day by day for Demand Side Energy Management.
Demand-side management (DSM) has been traditionally seen as a means of reducing peak electricity demand so that utilities can delay building further capacity. In fact, by reducing the overall load on an electricity network, DSM has various beneficial effects, including mitigating electrical system emergencies, reducing the number of blackouts and increasing system reliability. Possible benefits can also include reducing dependency on expensive imports of fuel, reducing energy prices, and reducing harmful emissions to the environment. Finally, DSM has a major role to play in deferring high investments in generation, transmission and distribution networks. Thus, DSM applied to electricity systems provides significant economic, reliability and environmental benefits.
Demand-Side Management (DSM) is the selection, planning, and implementation of measures intended to have an influence on the demand or customer-side of the electric meter. DSM program can reduce energy costs for utilities, and in the long term, it can limit the requirement for further generation capacity augmentation and strengthening of transmission and distribution system.
To incorporate Demand-Side Management (DSM) as an inherent part of the power economics, the government has provided mechanisms for energy savings at the demand side from sectors that contribute most to energy demand. These mechanisms relate to: effective institutional framework such as state designated agencies (SDAs) for implementation; State Energy Conservation Fund for funding; Perform, Achieve and Trade scheme for industries; Super-Efficient Equipment Programme; and use of energy efficient appliances at different levels.
Clean Development Mechanism(CDM) allows emission-reduction projects in developing countries to earn certified emission reduction (CER) credits, each equivalent to one tonne of CO2. These CERs can be traded and sold and used by industrialized countries to a meet a part of their emission reduction targets under the Kyoto Protocol. The mechanism stimulates sustainable development and emission reductions, while giving industrialized countries some flexibility in how they meet their emission reduction limitation targets causes vulnerable to the adverse effects of climate change for carbon credits are a tradable permit scheme as of now and It is a simple, non-compulsory way to counteract the greenhouse gasses that contribute to climate change and global warming. Carbon credits create a market for reducing greenhouse emissions by giving a monetary value to the cost of polluting the air. The Carbon Credit is this new currency and each carbon credit represents one tonne of carbon dioxide either removed from the atmosphere or saved from being emitted. Carbon credits are also called emission permit. Carbon credit is in the Environment and Pollution Control subject. Carbon credits are certificates awarded to countries that are successful in reducing emissions of greenhouse gases.
United nation frame work for climate change(UNFCCC) plays a vital role on the failure of the economic system to internalize externalities leads to the continuation of environmentally damaging activities. Uncontrolled economic growth is unsustainable on a finite planet. Governments should recognize the serious limitations of Gross Domestic Product(GDP) as a measure of economic growth and complement it with measures of the five forms of capital, produced, financial, natural, human and social capital: i.e., a measure of wealth that integrates economic, social and environmental dimensions and is a better method for determining a country ‘s productive potential.
Agriculture is increasingly called upon to address a wide range of critical needs: nutritious food for 9 billion people by 2050; higher and more resilient incomes; and environmental services. The fundamental needs to boost productivity, especially of smallholders, increase access to markets, reduce risks, boost rural employment, and provide environmental services come in a context where agriculture is challenged by accelerating Clean Development Mechanism reduces carbon foot print reduces greenhouse gas(GHG) emission for climate change effects on rainfall causes ground water around 15% overexploited increased productivity, market risk, tightening resource constraints, a growing need for engagement of the private sector in delivering agricultural public goods, too-slow progress on raising rural incomes in some regions, and too-slow progress on improving food security and nutrition in agriculture resources, trade policy, farmers economic growth, livelihood activities, , water, air, soil, forestry for environmental sustainability, biodiversity causes ozone layer depletion increases global warming potential.