Energy Efficiency is going to be the hot happening industry of India. Though presently the way things are shaping up is not way the different stakeholders would have liked but still the Energy Efficiency will be the industry where lots would be happening. It is estimated that Energy Efficiency in India would be a $16-20 Billions opportunity.
The forces which would ultimately drive the energy efficiency market in India is the Government’s desire to reduce the fuel imports, optimal utilization of existing resources/installations and reduction in investments to reach attain energy security.
The energy efficiency potential which is there in the market can be addressed by answering following key points:
- Policies for energy efficiency in India
- Barriers in implementing energy efficiency practices
- Market potential, sector-wise investments and savings
- Carbon offset generation vis-à-vis the government initiatives
Best practices adopted globally
Though the potential is huge but the way we are progressing, it would take lots of time in realizing the full potential. BEE has notified PAT scheme and ESCerts option but still there is lot which is required to be done before Energy Efficiency Market in India blossoms.