Union Cabinet gives nod to MoU with BRICS countries for energy conservation
The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval to a Memorandum of Understanding (MoU) signed between India and BRICS (Brazil, Russia, China and South Africa) countries for energy conservation.
The MoU provides for
- Joint scientific and technological research strengthening energy efficiency cooperation among the member countries based on the principles of equality and mutual benefit.
- Capacity building and technology transfer in the field of Energy Savings and Energy Efficiency along with sharing policies and best practices.
- Counterparts for strengthening and further developing of energy saving and energy efficiency cooperation.
Under the present MoU, the BRICS countries will intend to examine the practicability of development of the comprehensive programme of cooperation in energy saving.
It will also include promotion of energy efficiency including specific common projects, applicable methods and instruments of energy saving promotion and energy efficiency increase in their economies.