Explanation:

Perform, Achieve and Trade (PAT) scheme is a market-based mechanism to further accelerate as well as incentivize energy efficiency in the large energy-intensive industries.

• The Energy Savings Certificates (ESCerts) were introduced in India in 2011 under the PAT by the Bureau of Energy Efficiency (BEE) under the National Mission of Energy Efficiency.
• NMEEE is one of the eight national missions under the National Action Plan on Climate Change (NAPCC) launched by the Government of India in the year 2008.
• The underachievers are entitled to purchase ESCerts through two power exchanges - Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL).
• Industries that take part in this scheme are referred to as designated shoppers (DC).
• PAT covered about 13 energy-intensive sectors: Thermal power plants (TPP), cement, aluminium, iron and steel, pulp and paper, fertiliser, chlor-alkali, petroleum refineries, petrochemicals, distribution companies, railways, textile and commercial buildings (hotels and airports).

Hence both statements are correct.