IIT-M hosts ‘Industry Day 2023’ towards decarbonizing Indian Economy
Chennai, June 30 : The Indian Institute of Technology-Madras
(IIT Madras) Energy Consortium hosted an ‘Industry Day 2023’ in
the campus on Friday to chart a path towards decarbonizing Indian
Economy.
All the seven industry founding members–Shell, Baker Hughes,
FLSmidth, Aditya Birla, Cummins, Chevron Tech Ventures and
Infosys participated.
The Industry Day hosted a Workshop that deliberated on the two
key areas of ‘Energy efficiency’ and ‘Carbon Trading’, a release
from IIT-Madras said.
The workshop brought together different stakeholders to prepare
strategic initiatives and lead towards specific projects around
Energy efficiency and Carbon Trading. The workshops will focus
on two sectors: the industrial/manufacturing sector and commercial
buildings.
The Energy Conservation Act, 2001, was amended in December 2022
by the Parliament. It set the ball rolling on the development
and adoption of various measures that would focus on energy
consumption, energy efficiency and carbon trading.
Cummins India, a leading manufacturer of engines and power
generation equipment, is a founding member of the Energy
Consortium.
The key outcomes from Industry Day 2023 included launch of
the TREND Setter program to propel decarbonisation research,
opportunities for Indian MSMEs to decarbonise by EESL’s energy
efficiency initiative and the Kotak-IITM Save Energy Mission
(KISEM) network of assessment centres and building awareness
on Carbon Trading and the emerging approaches.
