The government has earmarked Rs 235.35 crore for the National Mission for Enhanced Energy Efficiency (NMEEE) for 2010-12, the ministry of environment and forests said in a statement on Wednesday.

The NMEEE is part of the national action plan on climate change. The mission is to be implemented by the power ministry through the Bureau of Energy Efficiency (BEE). The Prime Minister’s Council on Climate Change has approved the mission comprising four initiatives, namely, Perform, Achieve and Trade (PAT), market transformation for energy efficiency (MTEE), energy efficiency financing platform (EEFP) and framework for energy efficient economic development (FEEED).

This mission will create regulatory and policy regime to foster the energy efficiency market. As a result of implementation of this mission over the next fives years, it is estimated that by 2015, about 23 million tonnes of oil-equivalent of fuel savings – in coal, gas, and petroleum products, will be achieved every year along with an expected avoided capacity addition of 19,598 MW. The consequential carbon dioxide emission reduction is estimated to be around 98.55 million tons per annum from 2014-15 through deployment of appropriate technologies for both adaptation and mitigation of greenhouse gases emissions.