National Mission for Enhanced Energy Efficiency (NMEEE) is one of the eight missions under the National Action Plan for Climate Change.
It was taken by the Indian government to promote the market for energy efficiency by fostering innovative policies and effective market instruments.
Its roots lie in the overall objective of The Energy Conservation Act of 2001.
The mission document, which was approved in 2010.
NMEEE includes four specific energy efficiency initiatives under its umbrella.
Perform Achieve and Trade (PAT): Assigning energy reduction targets to large energy-intensive industries and distributing Energy Saving Certificates (ESCerts) on the achievement of the targets. These ESCerts can then be traded.
Market Transformation for Energy Efficiency (MTEE): Promoting the adoption of energy efficient equipment and appliances through innovative business models.
Energy Efficiency Financing Platform (EEFP): Increasing the confidence of financial institutions and investors to support energy efficiency initiatives.
Framework for Energy Efficiency Economic Development (FEEED): Promoting energy efficiency initiatives by hedging against investment risks.