This briefing paper from
Climate Strategies on the Perform
Achieve and Trade (PAT) scheme currently being designed by the Indian
Government. The scheme aims to increase the energy efficiency of high
carbon emitting sectors of the economy, including Iron and Steel. Whilst this
is a purely national scheme, it is also a clear example of a sectoral
approach strategy for climate mitigation. It should therefore be of interest to anyone working on emissions
trading or sectoral issues in general.
This briefing paper
- what the PAT is
- what its potential might be
- how it could work
- and offers some Preliminary conclusions about its prospects and recommendations for its ultimate design.
The analysis is based
on a forthcoming report by Climate
Strategies: part of a series of papers that analyses the potential of sectoral
approaches to assist with mitigating greenhouse gas
emissions, with a particular focus on the iron and steel sector.