National Energy Conservation Day

• 14 Dec 2019

Why in News

The National Energy Conservation Day is organized every year on 14^th December by the Bureau of Energy Efficiency (BEE).

• It aims to showcase India’s achievements in energy efficiency and conservation while working for its ambition of holistic development as part of the nation’s overall effort towards climate change mitigation.
• BEE is observing National Energy Conservation Week from 9^th to 14^th December 2019 in order to drive mass awareness about the importance of energy efficiency and conservation.
• In order to realize the development goals, India’s energy demand is expected to double between 2013 and 2030, to approximately 1500 million tons of oil equivalent.
• The mission of BEE is to assist in developing policies and strategies that will help reduce this energy demand by promoting widespread adoption of energy efficiency measures.

National Energy Conservation Awards Programme

• It recognizes the energy efficiency achievements in 56 sub-sectors across industry, establishments and institutions.
• Ministry of Power is implementing various policies and schemes viz The Perform, Achieve and Trade (PAT) Scheme, Standard and Labelling and Demand Side Management. These programmes are helpful in achieving significant energy savings and also, in promotion of the efficient use of energy across society.
• Furthermore, the development of Energy Conservation Guidelines and State Energy Efficiency Preparedness Index are complemented within different sectors of Industries and States for implementing energy efficiency programmes more effectively. Energy Conservation Building Codes for the residential sector is also being developed for curtailing the rising energy demand of the country.

Perform, Achieve and Trade Scheme

• 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 will be tradable on special trading platforms to be created in the two power exchanges -- Indian Energy Exchange and Power Exchange India.
• The scheme is unique in many ways, particularly from a developing country's perspective since it creates a market for energy efficiency through tradable certificates ESCerts, by allowing them to be used for meeting energy reduction targets.

Source: PIB