The National Action Plan on Climate Change, which was released by the Prime Minister, mandates setting up of energy benchmarks for each sector and allows trade in energy-saving certificates. This is expected to kick-start a domestic trade in energy just as the world trades in carbon emission certificates.The action plan seeks to create a market-based mechanism through which industrial units that use more energy than stipulated would be able to compensate by buying energy certificates from other industries consuming less energy.This device for cajoling industries into performing better on the energy front would be part of the drive under the plan to save 10,000MW by the end of the 2012 through energy efficiency measures.
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