Carbon credits are like passes that allow their owners to emit a certain amount of CO2 and other GHG within a prescribed limit. This limit is lowered periodically. There is a well-established global carbon credits market. The global market for compliance carbon credit is estimated to be worth € 238 billion, with an annual trading […]
REC in India The Renewable Energy Certificate (REC) scheme is the major policy initiative taken by the central government to use a market based mechanism, to promote green energy in India and meet the target of 15% green energy generation by 2020. However, the REC market has become inoperable in recent times as utilities and companies are […]
India’s Renewable Energy Industry India’s renewable energy industry is already facing huge problems due to the country’s dysfunctional governance. The whole power industry is in crisis, thanks to the muddled regulation and crony capitalism. To expect green energy to have a smooth ride in such a scenario is foolhardy. The Renewable Energy Certificate (REC) Scheme […]
India’s RPO Model India’s energy industry is a royal mess in all respects be it mining, electricity generation or distribution. Large parts of the populance do not get electricity at all and those who do are faced with 8-10 hour long power cuts. I have written countless times about the problems of the electricity industry. […]
Policies for Renewable Energy Trading Twelve of the most notable types of policies that have promoted renewable energy worldwide are given below: 1. U.S. Public Utility Regulatory Policies Act (PURPA) of 1978 PURPA required utilities to purchase power from small renewable generators and co generators – otherwise known as independent power producers (IPPs) – through […]
Indian Renewable Energy Mandate not Met India’s much hyped market based renewable energy incentive system of “Renewable Energy Certificate” (REC) has crashed. The REC market which started in 2012 at two power exchanges had initially shown a lot of promise with increasing volumes. It had offered a market based remuneration system for renewable energy developers […]