Description: In 2001 Parliament adopted a law on energy efficiency known as the "Energy Conservation Act". That law required large energy consumers in nine sectors to implement energy audits, appoint certified energy managers and report energy consumption data. The law also introduced energy efficiency labels and performance standards for electrical appliances (mandatory for refrigerators, fluorescent lamps, room air conditioners and transformers, and voluntary for 10 other kinds of appliances).
Within the National Action Plan on Climate Change, India aims to reduce its energy consumption by 5% by 2015, which corresponds to estimated CO2 emission savings of 100 Mt/year. A National Mission for Enhanced Energy Efficiency was launched with several targets for 2014-2015: annual fuel savings of at least 23 Mtoe, a cumulative avoided electricity capacity addition of 19 000 MW and a CO2 emission mitigation of 98 Mt. Energy efficiency improvement targets would be assigned to the country's most energy-intensive industrial units, through the creation of an Energy Savings Certificate market (ESCerts). There are also plans for the creation of two funds to help channel investments in energy efficiency projects.