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India in 2005. After more than a year of campaigning for its adoption by Parliament, the draft
law was submitted to the Ministry of New and Renewable Energy (MNRE), Government of
India, in August 2007, for processing the law for Parliament's approval. Consequently, in the
Energy Coordination Committee meeting convened by Dr Manmohan Singh in June 2008, the
Prime Minister suggested to come forward with a draft legislation for the promotion and
accelerated growth of renewable energy in India. The model draft law prepared by WISE
would form the basis of the R E Law for India. Model charts a road map for such energy
independence. The mode prepared goes beyond just electricity, adopting a
market-based approach rather than a subsidy-based model, to encourage the
growth of renewable energy in India. The objectives underlined, in this model, is to
promote development and utilization of renewable and sustainable sources of energy,
stabilize emissions of greenhouse gases, diversify energy supplies, safeguard energy
security, ensure that energy development is ecologically sustainable, protect environment
and to realize the goal of sustainable development.
Salient features of the model are:
CONCLUSION