World over the Energy Efficiency market is facing the real issues now. After initial exhilaration and euphoria, world over people are realizing that setting the targets is one thing and doing all the donkey work to achieve them is another thing. The experts and senior officials from all over the world have expressed doubts over whether all the targets which have been set out by the respective countries would be met. World over country after country, state after state have set ambitious targets. But as the time is passing by the reality is looking into the faces of planners, all over the world.
At last we are seeing Government fixing up targets under PAT scheme for 478 most energy-intensive industrial units in India. Indian Government announced on the last day of financial year 2011-12 that it has set energy efficiency targets for the core sector — power, steel, cement etc. — to be achieved by 2014-15, failing which the companies shall be penalised.
Those units which are able to achieve greater energy efficiency improvements within the specified targets can capture the excess savings through the issuance of energy saving certificates.