Consider the following statements regarding Perform, Achieve and Trade (PAT) Scheme:1. It involves a market-based compliance mechanism that aims to accelerate improvements in energy efficiency in energy-intensive industries. 2. It is a flagship scheme of Ministry of New and Renewable Energy Which of the above statements is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A

Notes:

About Perform, Achieve and Trade(PAT) Scheme:

Launched by: Ministry of Power
Aim: PAT is a market-based compliance mechanism that aims to accelerate improvements in energy efficiency in energy-intensive industries.
Nodal Agency: It is a flagship programme of the Bureau of Energy Efficiency under the National Mission for Enhanced Energy Efficiency (NMEEE).

Key Features of the Scheme:

The scheme seeks to enhance cost-effectiveness through certification of excess energy savings in energy-intensive industries.
Under the scheme, an Energy Audit is done to verify the baseline data (current level of efficiency) and thereafter energy saving targets are given.
Energy Saving Certificates (ESCerts) are issued to those plants that have achieved excess energy savings over their targets.
Units that are unable to meet the targets either through their own actions or through the purchase of ESCerts are liable to financial penalty under the Energy Conservation Act, 2001.

Source: Article

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