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Auto firms may trade BEE credits for fuel norms

New Delhi: The power ministry has proposed a credit trading mechanism under thenation's Corporate Average Fuel Efficiency (CAFE) norms, allowing passenger vehicle manufacturers to trade surplus compliance credits and buy credits from the Bureau of Energy Efficiency (BEE) to meet fuel-efficiency targets.Draft amendments to the CAFE norms issued by the ministry Monday under the Energy Conservation Act propose a formal framework for credit and debit accounting, passbooks, pooling arrangements and …

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Economic TimesLean R·1h ago
Auto firms may trade BEE credits for fuel norms
New Delhi: The power ministry has proposed a credit trading mechanism under thenation's Corporate Average Fuel Efficiency (CAFE) norms, allowing passenger vehicle manufacturers to trade surplus compliance credits and buy credits from the Bureau of Energy Efficiency (BEE) to meet fuel-efficiency targets.Draft amendments to the CAFE norms issued by the ministry Monday under the Energy Conservation Act propose a formal framework for credit and debit accounting, passbooks, pooling arrangements and …
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Auto firms may trade BEE credits for fuel norms

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Auto firms may trade BEE credits for fuel norms

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