Consider the following statements about Perform Achieve and Trade 1 Industries can trade any additio...........

Economic Affairs Energy

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Consider the following statements about Perform, Achieve and Trade

1.Industries can trade any additional certified energy savings

2.The Energy Savings Certificates (ESCerts) issued are tradable on special trading platforms.

3.It was launched by the Ministry of Environment, Forest and climate change in collaboration with TERI.

Which of the given statements is/are correct?

1 only

1 and 2 only

2 only

1, 2 and 3

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Explanation:

1 and 2 only

Statement 1 is correct. Under the Perform, Achieve, and Trade (PAT) scheme, industries are allowed to trade any additional certified energy savings.

Statement 2 is correct. The Energy Savings Certificates (ESCerts) issued under the PAT scheme are indeed tradable on special trading platforms. These certificates represent verified energy savings achieved by industries.

Statement 3 is incorrect. The Perform, Achieve, and Trade (PAT) scheme was launched by the Ministry of Power, not the Ministry of Environment, Forest and Climate Change, in collaboration with the Bureau of Energy Efficiency (BEE), not TERI (The Energy and Resources Institute).