National mission on enhanced energy efficiency (NMEEE): note

The Ministry of Power (MOP) and Bureau of Energy Efficiency (BEE) were tasked to prepare the implementation plan for the National Mission on Enhanced Energy Efficiency (NMEEE). NMEEE spelt out the following four new initiatives to enhance energy efficiency, in addition to the programmes on energy efficiency being pursued by MOP and BEE. They are: A market based mechanism to enhance cost effectiveness of improvements in energy efficiency in energy-intensive large industries and facilities, through certification of energy savings that could be traded. (Perform Achieve and Trade); Accelerating the shift to energy efficient appliances in designated sectors through innovative measures to make the products more affordable. (Market Transformation for Energy Efficiency (MTEE); Creation of mechanisms that would help finance demand side management programmes in all sectors by capturing future energy savings. (Energy Efficiency Financing Platform (EEFP); and Developing fiscal instruments to promote energy efficiency name Framework for Energy Efficient Economic Development (FEEED). See Also: National mission on enhanced energy efficiency: draft mission document

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