Abstract
India is a fast growing economy, with a considerable dependence on energy resources. Energy resources mainly comprise of fossil fuels that are highly emission intensive. In order to move towards sustainable development, it is important to reduce emissions. Since a sizable amount of emissions gets generated from the use of energy resources, it is essential to use energy more efficiently and reduce energy intensity. In India the industrial sector is the biggest consumer of energy and hence energy intensity of this sector has to be improved. To achieve this, Bureau of Energy Efficiency and Ministry of Power launched the Perform-Achieve-Trade scheme for 8 most energy intensive industries in India. This study was conducted to analyse the impact of the Perform-Achieve-Trade scheme on the energy intensity of the Indian Cement Industry, which was one of the eight energy intensive industries. Effect of other determinants like FDI, Domestic R&D, Imports and Exports were also estimated. The paper does a panel data study for the years 1997-2015. Results suggest that BEE’S PAT scheme has been successful for the Cement industry as the designated consumers have lower energy intensity on an average during the periods this scheme was announced and implemented
Highlights
India is a fast growing economy, with a considerable dependence on energy resources
The results indicate that rising exports cause energy intensity to rise as well because China’s abundant low-cost coal and lax environmental laws have encouraged MNCs to transfer their energy intensive production here
This section has evaluated the effect of the PAT scheme and that of other determinants on the energy intensity of cement firms
Summary
India is a fast growing economy, with a considerable dependence on energy resources. Coal, oil and natural gas are some of the common sources of energy. The industrial sector is the principal consumer of energy. In order for India to attain sustainable development, it is essential to use the energy resources judiciously. This will be both costs saving as well as environment friendly. The Government of India has played a vital role in assisting the industrial sector achieves a decline in energy intensity. As a part of NMEEE, the Ministry of Power and Bureau of Energy Efficiency (BEE) launched “Perform-Achieve-Trade” (PAT) scheme in the year 2007.The PAT scheme identified 8 most energy intensive industries, viz., Cement, Aluminium, Iron & Steel, Fertilizer, Pulp & Paper, Textile, Chlor-alkali and Thermal Power. A set of most energy consuming plants were identified.
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