International Energy Efficiency Hub

Why in the news?

Recently the Union Cabinet has approved India's joining the International Energy Efficiency Hub.

International Energy Efficiency Hub:

The establishment of the Energy Efficiency Hub was proposed by Germany during the G-20 summit in Hamburg in 2017 to strengthen intergovernmental cooperation on energy efficiency.
It was established in 2020 as the International Partnership for Energy Efficiency Cooperation (IPEEC).
Objective -
- To provide greater visibility and stronger presence internationally for energy efficiency.
- To enhance members' cooperation with the International Energy Agency and other international organizations.
- To share information and best practices between countries, international organizations and the private sector.
Current President - Dr. Tudor Constantinescu of European Commission
Its secretariat is located at International Energy Agency (IEA) (Paris)
Currently International Energy Efficiency Hub comprises 16 member countries
Bureau of Energy Efficiency (BEE) has been designated as the implementing agency for it in India.

Government of India established Bureau of Energy Efficiency (BEE) on 1 March 2002 under the provisions of Energy Conservation Act, 2001.
Its objective is to assist in developing policies and strategies with emphasis on self-regulation and market principles under the provisions of Energy Conservation Act, 2001.
To carry out the functions assigned under Energy Conservation Act, 2001, BEE coordinates with designated consumers, designated agencies and other organizations.
BEE also performs regulatory and promotional functions under Energy Conservation Act, 2001.