This report in Down To Earth calls for unbiased research on Perform, Achieve and Trade (PAT) scheme to be launched in April 2011, as part of India’s National Mission for Enhanced Energy Efficiency (NMEEE). Suggests that the policy design has few distortions and calls for alternative ideas to be  explored.

Trading in energy-efficiency certificates faces major hurdles. It is increasingly becoming evident that the world may not be ready for a binding international climate treaty at the ongoing climate summit in Cancun, Mexico. Global attention is now shifting towards domestic policies in the major economies.