Landscape of Green Finance in India
ANNEXURE II
CASE STUDY: BUREAU OF ENERGY EFFICIENCY The Bureau of Energy Efficiency (BEE) was set up by the Government of India on 1st March 2002 to provide a policy framework and direction to national energy conservation activities within the overall framework of the Energy Conservation Act , 2001. It undertakes four stateof-the-art schemes under the National Mission for Enhanced Energy Efficiency (NMEEE): Perform, Achieve and Trade (PAT) – a market-based mechanism to enhance the cost effectiveness of improvements in energy efficiency in energy-intensive large industries and facilities, through the certification of energy savings that can be traded. Market Transformation for Energy Efficiency (MTEE) - accelerating the shift to energy efficient appliances in designated sectors through innovative measures to make products more affordable. Energy Efficiency Financing Platform (EEFP) - creation of mechanisms that would help finance demand-side management programs in all sectors by capturing future energy savings. Framework for Energy Efficient Economic Development (FEEED) - developing fiscal instruments to promote energy efficiency. In 2017, the BEE launched a new version of the Energy Conservation Building Code (ECBC). It defined the norms of energy performance for various building components to lower the building’s energy requirement without affecting the function, comfort, health or productivity of the occupants. In the same year, it notified corporate average fuel efficiency norms for passenger cars and heavy-duty vehicles. It also helps consumers make informed choices regarding the cost-saving potential of various energy consuming appliances through its flagship Standards and Labelling (S&L) Scheme. Between 2016-2018, BEE spent a total of INR 229 crores (tracked) on energy efficiency projects
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