NMEEE

National Mission on Enhanced Energy Efficiency

Objective of the mission:

National Mission on Enhanced Energy Efficiency (NMEEE) is one of the eight missions which form India’s National Action Plan on Climate Change (NAPCC), formulated in the year 2008.The objective of this mission is to unlock energy efficiency opportunities through market based approach, estimated to be about Rs. 74,000 crores, annual fuel savings in excess of 23 million toe by 2014-15 and cumulative avoided electricity capacity addition of 19,000 MW.

NMEEE is comprising of following 4 components:

Perform, Achieve and Trade (PAT):

"This is a regulatory instrument to reduce specific energy consumption in energy intensive industries, with an associated market based mechanism to enhance the cost effectiveness through certification of excess energy saving which can be traded."

Market Transformation for Energy Efficiency (MTEE):

"This scheme proposes accelerating the shift to energy efficient appliances in designated sectors through innovative measures to make the products more affordable."

Energy Efficiency Financing Platform (EEFP):

"It is for creation of mechanisms which would help finance, demand side management programmes in all sectors by capturing future energy savings and for capacity building of financial institutions and ESCOs/Industries. excess energy saving which can be traded."

Framework for Energy Efficient Economic Development (FEEED):

"It is for development of fiscal instruments to promote energy efficiency."