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The proposed Perform Achieve and Trade (PAT) scheme in India: A policy evaluation

Paul, Arijit LU (2011) In IIIEE Master thesis IMEN56 20111
The International Institute for Industrial Environmental Economics
Abstract
Perform, Achieve and Trade (PAT) scheme, proposed in 2008,is the first of its kind energy efficiency trading scheme in India. PAT aims for improving the energy efficiency in the eight most energy intensive large scale industrial sectors, covering almost 54% of the total energy consumption in India, through certification of energy savings which can be traded. This thesis seeks to provide an early insight into the design and functionality of PAT and its potential impact on the targeted energy intensive industries through an ex-ante evaluation. , It focuses on two of the eight sectors covered under the PAT scheme, namely, thermal power and iron and steel sectors during their first compliance period, which is from 2011 to 2014. Four criteria... (More)
Perform, Achieve and Trade (PAT) scheme, proposed in 2008,is the first of its kind energy efficiency trading scheme in India. PAT aims for improving the energy efficiency in the eight most energy intensive large scale industrial sectors, covering almost 54% of the total energy consumption in India, through certification of energy savings which can be traded. This thesis seeks to provide an early insight into the design and functionality of PAT and its potential impact on the targeted energy intensive industries through an ex-ante evaluation. , It focuses on two of the eight sectors covered under the PAT scheme, namely, thermal power and iron and steel sectors during their first compliance period, which is from 2011 to 2014. Four criteria are chosen for the analysis: (i) design of PAT; (ii) economic efficiency; (iii) cost-effectiveness; and; (iv) assessment of barriers to energy efficiency improvement. . The result of the assessment reveals that PAT should be able deliver significant net positive socio-economic benefit to the society. However, in its first cycle it does not appear to promote cost-effective improvement in energy efficiency. The design of PAT scores well on simplicity and with respect to flexibility of compliance to designated consumers, however the main concern with the design are lack of a detailed monitoring and verification protocol and seemingly low level of penalty for non-compliance. The barrier analysis reveals that institutional and certain elements of technological barrier are the most important barriers which can potentially hamper the performance of PAT. (Less)
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author
Paul, Arijit LU
supervisor
organization
course
IMEN56 20111
year
type
H2 - Master's Degree (Two Years)
subject
keywords
PAT, energy efficiency, thermal power, iron and steel, India, Bureau of Energy Efficiency.
publication/series
IIIEE Master thesis
report number
2011:08
ISSN
1401-9191
language
English
id
2203255
date added to LUP
2011-11-08 14:59:20
date last changed
2011-11-08 14:59:20
@misc{2203255,
  abstract     = {Perform, Achieve and Trade (PAT) scheme, proposed in 2008,is the first of its kind energy efficiency trading scheme in India. PAT aims for improving the energy efficiency in the eight most energy intensive large scale industrial sectors, covering almost 54% of the total energy consumption in India, through certification of energy savings which can be traded. This thesis seeks to provide an early insight into the design and functionality of PAT and its potential impact on the targeted energy intensive industries through an ex-ante evaluation. , It focuses on two of the eight sectors covered under the PAT scheme, namely, thermal power and iron and steel sectors during their first compliance period, which is from 2011 to 2014. Four criteria are chosen for the analysis: (i) design of PAT; (ii) economic efficiency; (iii) cost-effectiveness; and; (iv) assessment of barriers to energy efficiency improvement. . The result of the assessment reveals that PAT should be able deliver significant net positive socio-economic benefit to the society. However, in its first cycle it does not appear to promote cost-effective improvement in energy efficiency. The design of PAT scores well on simplicity and with respect to flexibility of compliance to designated consumers, however the main concern with the design are lack of a detailed monitoring and verification protocol and seemingly low level of penalty for non-compliance. The barrier analysis reveals that institutional and certain elements of technological barrier are the most important barriers which can potentially hamper the performance of PAT.},
  author       = {Paul, Arijit},
  issn         = {1401-9191},
  keyword      = {PAT,energy efficiency,thermal power,iron and steel,India,Bureau of Energy Efficiency.},
  language     = {eng},
  note         = {Student Paper},
  series       = {IIIEE Master thesis},
  title        = {The proposed Perform Achieve and Trade (PAT) scheme in India: A policy evaluation},
  year         = {2011},
}