Union Minister for Power Raj Kumar Singh informed Rajya Sabha about the National Mission for Enhanced Energy Efficiency (NMEEE).
Daily Current Affairs Quiz 2021
NMEEE consists of four initiatives to enhance energy efficiency in energy intensive industries which are as follows:
Perform, Achieve and Trade (PAT) scheme aims at reducing Specific Energy Consumption (SEC) i.e. energy use per unit of production for Designated Consumers (DCs) in energy intensive sectors, with an associated market mechanism to enhance the cost effectiveness through certification of excess energy saving which can be traded.
Market Transformation for Energy Efficiency (MTEE) aims for accelerating the shift to energy efficient appliances in designated sectors through incentives and innovative business models.
Energy Efficiency Financing Platform (EEFP) was launched to provide a platform to interact with Financial Institutions (FIs) and project developers for implementation of energy efficiency projects.
Framework for Energy Efficient Economic Development (FEEED) was designed for development of fiscal instruments to promote energy efficiency.
