The market based mechanism to enhance the cost effectiveness in improving the Energy Efficiency in Energy Intensive industries through certification of energy saving which can be traded.
It will be a foundation to the scheme like:
- Market Transformation for Energy Efficiency (MTEE) – Accelerating the shift to energy efficient appliances in designated sectors through innovative measures to make the products more affordable.
- Energy Efficiency Financing Platform (EEFP) – Creation of mechanisms that would help finance demand side management programmes in all sectors by capturing future energy savings.
- Framework for Energy Efficient Economic Development (FEEED) – Developing fiscal instruments to promote energy efficiency.