The National Mission for Enhanced Energy Efficiency (NMEEE) is one of the eight missions under the National Action Plan on Climate Change (NAPCC). NMEEE aims to strengthen the market for energy efficiency by creating conducive regulatory and policy regime and has envisaged fostering innovative and sustainable business models to the energy efficiency sector. The Cabinet had approved the NMEEE document, and funding for two years of the 11th Plan period (2010-12) with an outlay of $ 36.23 million. Continuation of NMEEE for the 12th Plan was approved by Cabinet on 6th August, 2014 with a total outlay of $ 119.23. The Mission seeks to upscale the efforts to unlock the market for energy efficiency which is estimated to be around $ 11.385 billion. The activities during the 11th Plan period created the institutional and regulatory infrastructure. The NMEEE spelt out four initiatives to enhance energy efficiency in energy intensive industries which are as follows:
a) Perform, Achieve and Trade Scheme (PAT), a market based mechanism to enhance the cost effectiveness in improving the Energy Efficiency in Energy Intensive industries through certification of energy saving which can be traded.
b) Market Transformation for Energy Efficiency (MTEE), for accelerating the shift to energy efficient appliances in designated sectors through innovative measures to make the products more affordable.
c) Energy Efficiency Financing Platform (EEFP), for creation of mechanisms that would help finance demand side management programmes in all sectors by capturing future energy savings.
d) Framework for Energy Efficient Economic Development (FEEED), for development of fiscal instruments to promote energy efficiency.