(GIST OF YOJANA) The Perform, Achieve, and Trade (PAT) Scheme

GIST OF YOJANA : The Perform, Achieve, and Trade (PAT) Scheme

India's visionary national ambitions under the Viksit Bharat and Atmanirbhar Bharat initiatives emphasize economic development while tackling issues of equity and poverty.
Energy plays a vital role in fueling economic development but encounters hurdles such as rising demand, climate change, and pollution.
The PAT framework under the National Mission for Enhanced Energy Efficiency seeks to elevate energy efficiency within industrial sectors.
The PAT initiative has demonstrated success in curbing energy usage and CO2 emissions, aiding in India's objectives for energy intensity reduction and net-zero emissions.

India has surpassed 200 GW of renewable energy capacity, which constitutes approximately 46% of the total installed capability.
The nation aims to diminish the energy intensity of its economy by 45% by 2030 and reach net-zero emissions by 2070.
Enhancing energy efficiency is vital for combating climate change and meeting the escalating energy requirements.
The Energy Conservation Act, 2022 lays out a legal foundation for energy efficiency actions across crucial sectors.

The PAT framework promotes energy efficiency enhancements in energy-intensive sectors in a systematic approach.
The Bureau of Energy Efficiency (BEE) leads the efforts in designing and executing the PAT mechanism.
The PAT initiative involves establishing energy-saving objectives, implementing strategies, and trading Energy Saving Certificates (ESCerts).

A typical PAT cycle spans three years, during which Designated Consumers (DCs) undertake energy efficiency initiatives.
ESCerts are granted to DCs that surpass their energy-saving objectives.
ESCerts can be utilized to lessen future goals or sold to other DCs.
The PAT initiative has yielded considerable energy savings and reductions in CO2 emissions across various industries.

Obstacles in PAT execution encompass low ESCert trading values, challenges in target establishment, and the necessity to broaden its reach to more industries.
The PAT initiative can be strengthened by tackling these challenges and expanding its scope to include MSMEs and the building sector.
Integration with the Carbon Credit Trading System (CCTS) can amplify PAT's effectiveness in realizing net-zero targets.

The PAT initiative stands as an effective program for enhancing industrial energy efficiency in India.
Ongoing evolution and adaptation of the PAT framework are essential for contributing to India's developmental objectives and securing a sustainable energy future.