|Policy status:||In Force|
|Policy Type:||Economic Instruments>Market-based instruments, Regulatory Instruments>Auditing|
|Policy Target:||Industry>Energy-intensive, Industry|
|Agency:||Bureau of Energy Efficiency|
|Funding:||Expected investment: USD 15 billion|
The Perform, Achieve, Trade (PAT) scheme is a market-based trading scheme that aims to improve energy efficiency in industries by trading in energy efficiency certificates in the country's eight most energy-intensive sectors.
Those units that exceed their benchmarks will be issued energy-saving certificates that can then be sold to those units that fail to meet the set targets.
The action steps are:
Designated Consumers who fail to achieve their target have to compensate this failure by buying permits.These eight sectors will cover 65% of India’s total industrial energy consumption. Expected savings are 19 GW of energy and emissions reductions of 98 million tonnes a year once the scheme is implemented. It is estimated that the expected investment will be around USD 15 billion.
Last modified: Thu, 26 Feb 2015 17:38:28 CET