Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/238534 
Year of Publication: 
2020
Series/Report no.: 
ADBI Working Paper Series No. 1177
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
To sustain the high economic growth trajectory of India, it is imperative that an adequate supply of energy is maintained over a long period of time. One such major initiative is the thrust laid on energy efficiency interventions as a low-hanging option for meeting the overarching energy and climate goals of the country. This paper focuses on analyzing market-based approaches for energy efficiency interventions, with a specific focus on the Perform, Achieve and Trade (PAT) scheme. Policies governing energy efficiency interventions reveal that policies have evolved over three different phases characterized by a gradual transition from a regulatory regime to a market-based arrangement. Analysis of the PAT scheme points to the fact that while the scheme is designed in a dynamic manner and has huge energy-saving potential, a lack of clarity at the policy level and operational anomalies could generate dampening effects on future energy efficiency investments. Policy streamlining becomes imperative for successful implementation of this scheme.
Subjects: 
energy efficiency
market-based instruments
energy-saving certificates
India
JEL: 
L94
Q48
Q49
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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