On the last Monday of August the Indian government passed the National
Mission on Enhanced Energy Efficiency, a comprehensive
plan assigning energy efficiency improvement targets to
the country’s most energy-intensive factories. The plan
includes the possibility to trade certificates from overachieving
factories to those who do not respect the
assigned limits and include the “expanded use of the
carbon market” to buy energy efficient equipment and
appliances. The implementation of the plan according to
estimates should cost about €500 millions and should
have positive effects on the emission trajectory, which is
currently leading India amongst the major polluters
alongside China, the USA and Japan.

• This news is extracted from the Emission Trading Monitor : a weekly column that summarises the latest news on international climate change agreements, the updates on the carbon market and the energy and technology updates in the realm of climate change. Go to the web page and see all previous issues since March 2007.
• This week: Estonia to become second major seller of AAUs, Poland forbids sales of free allowances, India passes
  energy efficiency plan, Switzerland proposes carbon targets, and, as usual the situation of the Carbon Market – Download the 24-28 August, 2009 Newsletter [pdf – 156 Kb]