You are here: Home » Economy & Policy » News
Business Standard

Labelling programme for cars to cover e-vehicles: BEE DG Abhay Bakre

Move to help car manufacturers build energy efficient cars as they would not have to modify as per emission norms

Shreya Jai  |  New Delhi 

electric vehicle

Taking up a new task to make the automobile industry efficient, the Bureau of Efficiency (BEE) would introduce standards, labelling and penalty for passenger vehicles. The new policy, which is been in works for a year, would also now cover e-vehicles, Abhay Bakre, director general, BEE, told Business Standard.

“It is at discussion stage. These are fuel economy norms and the idea is to manufacture efficient cars so that they don’t have to modify as per the emission norms. This would cover all fuel sources and there will be a provision for as well,” Bakre said.

This would be one of the vital initiatives by for introducing efficiency in a large industry. in 2013 also launched tradable certificates for industries which achieved efficiency standards.  
Titled as ‘Perform, Achieve and Trade’, the scheme aimed at major sectors such as thermal power generation, cement, fertilisers, aluminium, iron and steel, pulp and paper. These sectors cover 65 per cent electricity’s industrial consumption in the country.

These industries were given targets for reducing consumption. Over achievement by a certain commercial unit is converted into tradable ‘Savings Certificate’ at the end of targeted year, it can sell to the ones who couldn’t achieve the targets.

“The scheme has resulted in savings of 8.67 million tonnes of oil equivalent, which is about 30 per cent more than the target that was set. This has also resulted in an emission reduction of 31 million tonnes of CO2. At the same time, Rs 9,500 crores have been saved due to reduction in consumption,” said Bakre.

In February this year, received the regulatory nod to trade these certificates. This will pave way for designated industries, under the PAT scheme, to buy and sale ESCerts at the two exchanges- the Indian Exchange (IEX) and the Power Exchange IndiaLimited (PXIL), said the bureau during the launch on Tuesday. 

Bakre said initiation of trading of ESCerts will enable the designated consumers to reap benefits of the monetisation of saving initiatives.

First Published: Wed, September 27 2017. 01:42 IST
RECOMMENDED FOR YOU