Competitive Exams: Current Affairs 2012: PAT (Perform, Achieve and Trade) Scheme
The PAT Mechanism is an important initiative under National Mission for Enhanced Energy Efficiency (NMEEE) programme of Government of India under the eight national missions of NAPCC.
It is a market based mechanism to further accelerate as well as incentivize energy efficiency in the large energy-intensive industries.
The scheme provides the option to trade any additional certified energy savings with other designated consumers to comply with the Specific Energy Consumption reduction targets.
The Energy Savings Certificates (ESCerts) so issued to those who exceed their saving targets, will be tradable on special trading platforms to be created in the two power exchanges (Indian Energy Exchange and Power ExchangeIndia).
Courtesy: The Hindu