National Mission for Enhanced Energy Efficiency(NMEEE)

NMEEE as a key component of the NAPCC reflects the GOI’s increased and renewed emphasis on achieving energy efficiency in Indian economy. This Mission by promoting innovative policy and regulatory regimes, financing mechanisms, and business models seeks to not only create, but also sustain, markets for energy efficiency in a transparent and time bound manner. In addition to the ongoing schemes and program the NMEEE puts in place four new initiatives to enhance energy efficiency mention in Figure below: Perform, Achieve and Trade (PAT): A market based mechanism to enhance cost effectiveness of improvements in energy efficiency in energy intensive large industries through certification of energy saving that could be traded.

Market Transformation for Energy Efficiency (MTEE): Innovative measures to accelerate the shift to energy efficient appliances in designated sectors and make the products more affordable.

Energy Efficiency Financing Platform (EEFP): The objective of EEFP is to provide a platform to interact with financial institutions and project developers for implementation of Energy Efficiency projects.

Framework for Energy Efficiency Economic Development (FEEED): Fiscal instruments, such as the Partial Risk Guarantee Fund for Energy Efficiency (PRGFEE) and Venture Capital Fund for Energy Efficiency (VCFEE), to promote energy efficiency.

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