Renewable Energy Certificates: Domestic Support for Renewable Energy Market in India

Renewable Energy Certificates (REC) promote renewable energy and facilitate Renewable Purchase Obligations (RPOs). RECs have been successfully implemented market based policy instruments used by various countries, such as the US, the UK, Denmark, Japan, Australia, and Netherlands, to promote renewable energy development.

In India, these instruments will be traded in the Power Exchanges approved by Central Electricity Regulatory Commission (CERC) with a cap and floor price. These instruments will provide much needed support not only to the renewable power market but also to the government’s effort to reduce carbon emissions. RECs will also be significant in reducing the gap between the renewable potential of various states in the country and the RPOs mandated by the State Electricity Regulatory Commission (SERCs).

Scope

- The study discusses the Indian renewable energy market, with primary focus on the recent incentives from the government.
- It discusses the Indian renewable energy market, presenting statistics on the cumulative historical and forecast installed capacity during 2001-2015.
- It also briefs about carbon emissions from primary energy consuming sources during 2001-2009.
- Renewable energy certificates (REC), regulations on them and their significance are also discussed in the study.

Reasons to buy

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