Multiple choice

Consider the following facts about National Mission on Enhanced Energy Efficiency:

  1. It aims at reducing India's annual energy consumption by 5%.
    2. The innovative market-based scheme - Perform, Achieve and Trade (PAT) - has been launched under this mission.

Which of the above is/are true?

  1. Only 1

  2. Only 2

  3. Both 1 and 2

  4. Neither 1 nor 2
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The National Mission on Enhanced Energy Efficiency is the second of the eight missions under India's National Action Plan on Climate Change to be approved by the Council. The Mission will enable about Rs. 75,000 crore worth transactions in energy efficiency. In doing so, it will, by 2015, help save about five per cent of our annual energy consumption. The most innovative and challenging new initiative to be introduced under the Mission is the “Perform, Achieve and Trade” (PAT) mechanism which will assign energy efficiency improvement targets to the country's most energy intensive industrial units, with the provision of allowing them to retain any energy efficiency improvements in excess of their target in the form of Energy Savings Certificates, called ESCerts.

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