National Energy Efficiency Innovation Awards (NEEIA)

National Energy Efficiency Innovation Awards (NEEIA)

Part of: Prelims 

In News: To recognize “Innovative Energy Efficiency Technologies” and instill a sense of competition to motivate industries & sectors to develop innovative energy efficiency efforts in their units.

By: Bureau of Energy Efficiency, under the guidance of Ministry of Power – recognizes and encourages endeavors of industrial units, institutions and establishments in reducing energy consumption by felicitating them with National Energy Conservation Awards (NECA) on the occasion of National Energy Conservation Day, celebrated on 14th December every year.

Significance

• The Energy Efficiency Innovation Award is the need of the hour to promote newer technologies, ideas, and pave way for the adoption of these innovations by larger groups.
• The award shall encourage to apply new methods to achieve energy efficiency and to lay greater emphasis on research & development. 
• Innovation has the potential to bring about substantial changes in a smaller span of time and to create a way for new employment opportunities.
• As promotion of energy efficiency and Renewable energy are major pillars for low carbon energy transition, recognition of such efforts undertaken by various participants stimulate further action in accelerating the transition, outcomes of which eventually contribute towards meeting India’s Nationally Determined Contributions (NDCs) and broader climate goals.

News Source: PIB