Consider the following statements, regarding the ambitious National Mission for Enhanced Energy Efficiency one of the eight missions under the National Action Plan on Climate Change: . 1. The mission is expected to save 23 million tonne oil equivalent of

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Q: 17 (CDS-II/2010)
Consider the following statements, regarding the ambitious National Mission for Enhanced Energy Efficiency — one of the eight missions under the National Action Plan on Climate Change: .
1. The mission is expected to save 23 million tonne oil equivalent of fuel and avoid the need to build additional capacity over 19,000 MW.
2. During the next four years the mission will help achieve green- house gas emission reduction of , 98-55 million tonnes per year.
3. The mission will also kick-start the country’s first market based trading / in energy efficiency saving in line with international carbon trade.
Which of the statements given above is/are correct ?.

question_subject: 

Economics

question_exam: 

CDS-II

stats: 

0,25,26,25,19,2,5

keywords: 

{'energy efficiency': [0, 0, 1, 1], 'enhanced energy efficiency': [0, 0, 1, 0], 'international carbon trade': [0, 0, 1, 0], 'ambitious national mission': [0, 0, 1, 0], 'national action plan': [0, 0, 0, 1], 'missions': [0, 0, 1, 2], 'climate change': [1, 0, 2, 2], 'fuel': [1, 0, 5, 14], 'mission': [1, 0, 2, 5], 'first market': [0, 0, 1, 0], 'additional capacity': [0, 0, 1, 0]}

The correct answer is option 1, which means that all three statements are correct.

Statement 1 states that the National Mission for Enhanced Energy Efficiency is expected to save 23 million tonne oil equivalent of fuel and avoid the need to build additional capacity over 19,000 MW. This means that the mission aims to promote energy efficiency measures that will result in significant fuel savings and avoid the need for additional power generation capacity.

Statement 2 states that the mission will help achieve greenhouse gas emission reduction of 98-55 million tonnes per year. This indicates that the energy efficiency measures implemented under the mission will contribute to reducing the country`s overall greenhouse gas emissions.

Statement 3 states that the mission will kick-start the country`s first market-based trading in energy efficiency savings, in line with international carbon trade. This means that the mission will establish a mechanism for trading energy efficiency savings, similar to the international carbon trade market, which allows for the buying and selling of carbon credits.

All three statements align with the objectives and goals of the National Mission for Enhanced Energy Efficiency.