How do you appreciate Faraday's law, which is the consequence of conservation of energy? (A56)

When we move bar magnet towards the coil the current is generated in the coil. Also when the bar magnet is moved away from the coil then also the current is generated in the coil.

In other words in electromagnetic Induction, the mechanical energy( moving of the magnet) is converted into the electrical energy( current in the coil).This is nothing but the law of conservation of energy which states that ‘Energy can be converted from one form to another ( ex-From Mechanical to electrical) but the total energy will remain constant’

Hence I appreciate the Faraday’s law as the direct consequence of the law of conservation of energy.