Kartik Banthiya

UM4050

PUM21169

A developing country, India needs measures that can aid the country’s NDCs with low levels of intervention and costs, making a domestic ETS a viable option. Apart from being a low-cost alternative, it also offers additional revenue for the government.

The existing PAT scheme by BEE is based on energy efficiency and provides a market-based mechanism much like ETS but lacks the emission reduction aspect, which is the need of the hour. To operationalize a domestic ETS, the conversion of the PAT scheme to an ETS has been explored in the study. Taking into account the MRV, Compliance cycle & mechanisms.
 


Report Content

Introduction to Carbon Market & Type of Markets

Type & Role of Emissions Trading Scheme

Global: Emissions Trading Scheme (ETSs)

Introduction to PAT Scheme. India's Market-Based energy consumption reduction mechanism.

MRV and EScert mechanism under PAT scheme

Role of DCs and EmAEA. Past PAT cycles

Evaluation of PAT scheme and domestic ETS. Intensity-based proposed mechanism

Recommendation for intensity based ETS

Recommendations for gases and sectors to include in ETS

Features of Proposed Emissions Trading Scheme