PRAMAAN – Online Rating Tool for Renewable Energy Use Launched

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The Energy and Resources Institute (TERI) recently launched PRAMAAN – Portal for Renewable Energy Action Assessment Metrics. The portal is an online rating tool for assessment of an organization’s actions around renewable power consumption.

It provides a set of indicators for an organization to assess its progress in moving towards a low-carbon future and can be used as a framework to prioritize electricity options, assess risks, identify opportunities, set targets and develop a sustainable energy roadmap.

All commercial and industrial entities including medium, small and micro enterprises (MSMEs), large corporates interested in assessment of their progress in renewable energy transition and strengthening their renewables policy can participate in the PRAMAAN rating.

The tool helps organizations who adopt PRAMAAN, to learn not only about what they are doing, but also about what the rest of industry is doing in order to understand their own readiness and to draw on the benefits being provided by the move towards renewable energy.”

The portal provides a set of indicators for an organization to assess its progress in moving towards a low-carbon future and can be used as a framework to prioritize electricity options, assess risks, identify opportunities, set targets and develop a sustainable energy roadmap. All commercial and industrial entities including medium, small and micro enterprises (MSMEs), large corporates interested in assessment of their progress in renewable energy transition and strengthening their renewables policy can participate in the PRAMAAN rating.

With The Securities and Exchange Board of India (SEBI) recently announcing that sustainability reporting, which is mandatory for the top 100 companies as of now, will be mandatory for top 1000 companies from 2021, such rating tools will become very useful.

The bigger challenge is how MSMEs could start using such tools to manage their energy savings better. Instead of focusing on individual MSMEs, a cluster approach is likely to be more effective. Pranav Mehta, Chairman, National Solar Energy Federation of India, and Global Solar Council, said that he is happy to join the launch on behalf of both the organizations. “A lot of work remains to be done… PRAMAAN couldn’t have come at a better time.

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