Abstract

All energy requirements of human beings can be broadly fulfilled through electricity (power) and fuels. Many governments including Government of India have taken policy measures to make renewable power component as legally binding to power producers through renewable power obligations. Under these laws, power distribution companies have to buy renewable power as fixed percentage of the total power sold. Similarly in few countries, there are legally binding norms for mixing fixed proportion of bio-fuels in automotive fuels. However, there are no policies adopted by any government for cooking fuels like kerosene and Liquid petroleum gas (LPG). Current article proposes RFSO (Renewable Fuel Saving Obligation) as one innovative policy measure which provides legally binding obligations on cooking fuel selling companies rather than independent agencies who do not have any control on sale of cooking fuels. Mechanism like RFSO needs serious attention by the policy makers and needs to be included in emission reduction acts in respective countries.

Key words: Renewable fuel saving obligation (RFSO), electricity, fuels, India.