| From Indiatimes.com: This could turn out to be the desi version of carbon trading for Indian industries, but with a twist. The government plans to lay down energy benchmarks for nine energy-intensive industrial sectors, including thermal power, cement, iron and steel, railways and fertilisers, making it mandatory for the sectors to cut energy consumption on specified parameters.
The energy conservation initiative will come with a “cap and trade“ scheme which will provide tradable energy efficiency certificates to industrial units surpassing their targets. Like carbon trading, these instruments can be traded and companies more efficient than the benchmark could benefit. The only difference is that the proposed system works on the basis of energy consumption while international carbon trading is on the basis of reduction in emissions...... Full Article: Source
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