Correct option is C
The correct answer is (C) Perform, Achieve and Trade (PAT) scheme
The Perform, Achieve and Trade (PAT) scheme is a market-based mechanism that India adopted under the National Mission on Enhanced Energy Efficiency (NMEEE), which was launched as part of the National Action Plan on Climate Change in 2012.
The PAT scheme aims to improve energy efficiency in energy-intensive industries like cement, steel, textiles, and fertilizers by setting energy efficiency targets and allowing industries to trade energy-saving certificates if they exceed their targets.
This scheme balances industrial growth, energy efficiency, and emission reductions, aligning industrialization with sustainable development goals.
The PAT scheme creates a system of energy saving certificates (ESCerts), which can be traded in the market. Companies that perform better than their targets can sell their excess certificates to others that have not met their targets.
The scheme aims to reduce energy consumption, thereby contributing to lower carbon emissions and promoting energy efficiency across major industrial sectors in India.
Energy Efficiency is critical to India's economic reforms, especially as industrialization increases the demand for energy, which has environmental and economic impacts.
Option A (Green GDP Accounting): Incorrect. Green GDP accounts for environmental costs and natural resource depletion, but it is not directly related to balancing energy efficiency and industrial growth.
Option B (Food Security Act): Incorrect. The Food Security Act ensures food security and access to subsidized food for the poor but does not address industrial growth, energy efficiency, or emissions.
Option D (Make in India): Incorrect. Make in India is an initiative aimed at encouraging manufacturing and industrialization but does not specifically focus on energy efficiency or emissions reduction.
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