India is quietly raising its stake in the global green game, even as leaders haggle over global warming in Copenhagen. The government is expected to clear on Thursday a proposal to put in place a market-based mechanism to force industry and commercial establishment to improve energy use, a move that will automatically lower emissions and narrow the power supply gap.
The proposal is to introduce tradeable ‘Energy Savings Certificates’ for energy-intensive industries such as steel plants and other major commercial consumers like hotels, malls and theatres etc. Before the certificates come about, the government will prescribe how much energy an industry can use for each unit of production — say, a tonne of steel, manufacture a car or refrigerator.
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