The power ministry has introduced a new credit trading system aimed at Corporate Average Fuel Efficiency standards. Under this initiative, manufacturers can trade excess compliance credits and purchase them from the Bureau of Energy Efficiency. The framework includes credit and debit accounting, allowing manufacturers who surpass targets to earn credits, while those who don't accumulate debits.

The power ministry has introduced a new credit trading system aimed at Corporate Average Fuel Efficiency standards. Under this initiative, manufacturers can trade excess…

NEW DELHI: Govt has proposed a new credit trading mechanism under India's Corporate Average Fuel Efficiency (CAFE) norms that would allow passenger vehicle manufacturers exceeding…