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Energy saving instrument – ESCerts in India

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  • Bhattacharya, Tanushree
  • Kapoor, Richa

Abstract

There exists a large potential in India as far as achievement of energy efficiency is concerned and it is up to the Indian policy-makers, regulators and obligated entities to ensure that India realizes this potential to the fullest. A deep commitment towards this effect is not only beneficial for the country as a whole through reduction in its carbon foot print and reduced dependence on fuel imports but will also increase the competitive edge of our industries vis-à-vis other countries. One of the instruments for improving the overall energy efficiency that has emerged in recent times is energy saving certificates (ESCerts). The staying power of European examples in Italy, UK and France has demonstrated that ESCerts can help initiate more efficiency projects. This paper discusses ESCerts as an instrument for reducing the energy intensity of the high energy intensive Indian industries under the light of the Energy Conservation Act, 2001 and Perform Achieve and Trade scheme (under NMEEE) and suggests a way forward for the ESCerts market in India.

Suggested Citation

  • Bhattacharya, Tanushree & Kapoor, Richa, 2012. "Energy saving instrument – ESCerts in India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(2), pages 1311-1316.
    • Handle: RePEc:eee:rensus:v:16:y:2012:i:2:p:1311-1316
    DOI: 10.1016/j.rser.2011.10.007
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    References listed on IDEAS

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    1. Vine, Edward & Hamrin, Jan, 2008. "Energy savings certificates: A market-based tool for reducing greenhouse gas emissions," Energy Policy, Elsevier, vol. 36(1), pages 467-476, January.
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    1. Kumar, Rajesh & Agarwala, Arun, 2013. "Renewable Energy Certificate and Perform, Achieve, Trade mechanisms to enhance the energy security for India," Energy Policy, Elsevier, vol. 55(C), pages 669-676.
    2. Gupta, Saurabh & Bhattacharya, Tanushree, 2013. "DSM Power Plant in India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 21(C), pages 537-547.
    3. Afshari, Afshin & Friedrich, Luiz, 2016. "A proposal to introduce tradable energy savings certificates in the emirate of Abu Dhabi," Renewable and Sustainable Energy Reviews, Elsevier, vol. 55(C), pages 1342-1351.
    4. Kumar, Rajesh & Agarwala, Arun, 2013. "Energy certificates REC and PAT sustenance to energy model for India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 21(C), pages 315-323.
    5. Giri, Prashant & Sharma, Tarun, 2024. "Market instrument for the first fuel and its role in decarbonizing Indian industrial production," Energy Policy, Elsevier, vol. 190(C).
    6. Sahoo, Nihar R. & Mohapatra, Pratap K.J. & Mahanty, Biswajit, 2018. "Examining the process of normalising the energy-efficiency targets for coal-based thermal power sector in India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P1), pages 342-352.
    7. Sahoo, Nihar R. & Mohapatra, Pratap K.J. & Mahanty, Biswajit, 2017. "Compliance choice analysis for India's thermal power sector in the market-based energy efficiency regime," Energy Policy, Elsevier, vol. 108(C), pages 624-633.
    8. Sahoo, Nihar R. & Mohapatra, Pratap K.J. & Sahoo, Biresh K. & Mahanty, Biswajit, 2017. "Rationality of energy efficiency improvement targets under the PAT scheme in India – A case of thermal power plants," Energy Economics, Elsevier, vol. 66(C), pages 279-289.
    9. Amecke, Hermann, 2012. "The impact of energy performance certificates: A survey of German home owners," Energy Policy, Elsevier, vol. 46(C), pages 4-14.

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