Union Cabinet gives nod to MoU with BRICS countries for energy conservation

Union Cabinet, chaired by Prime Minister Narendra Modi, has given its ex-post facto approval to a pact signed between India and BRICS members for enhancing cooperation in building energy efficiency.

• The MoU includes cooperation in joint scientific and technological research, conferencing and holding of lectures and seminars, capacity building and technology transfer and technology development, sharing policies and best practices.
• The agreement will also encourage use of energy efficient and energy saving approaches and instruments in the work of the business entities of the BRICS countries, carried out within the BRICS countries in consultation with the host country.

Key points:

• BRICS – Brazil, Russia, India, China and South Africa