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Renewable energy certificates’ trading volumes soar in Mar:IEX


According to reports, reversing the sluggish trend, the trading volume of renewable energy certificates more than doubled to 3.7 lakh on the Indian Energy Exchange this month. The volume is also the highest recorded since the inception of REC (Renewable Energy Certificate) market, the exchange said. The trading volumes, including solar and non-solar RECs, jumped to 3,69,053 in March compared to just 1,83,923 registered in February. Out of the total volumes seen this month, 3,61,842 non-solar and 7,211 solar certificates ... Read More »

Companies holding carbon credits stare at ‘real loss’


According to reports, Indian companies, which had invested in clean development mechanism (CDM) projects under the Kyoto Protocol to claim certified emission reduction units (CER) or carbon credits, now stand to face a “real loss” on unsold credits, as opposed to a notional loss which was earlier being talked about, with prices falling below one euro. Industry estimates peg the notional loss at Rs 10,500 crore. A carbon credit is a type of a tradable greenhouse gas emission reduction unit ... Read More »

CERC cuts issuance fee for renewable energy certificates


According to reports, power sector regulator CERC has slashed the fee charged for issuance of renewable energy certificates, a move that comes at a time when demand for such instruments is sluggish. The Central Electricity Regulatory Commission’s decision is likely to help in improving the market for Renewable Energy Certificates (RECs) which is yet to take off in a big way. The fee for issuance of an REC has been cut to Rs 4 per certificate from existing Rs 10 ... Read More »

UNDP grants Rs 40 lakh for green energy action plan


According to reports, the Ashden India Collective, a team comprising Ashden awardees from India headed by solar power expert S P Gon Chaudhuri, has received a grant of Rs 40 lakh from the United Nations Development Programme (UNDP) to prepare an action plan for commercial use of renewable energy in five states of the country. The Ashden Award, awarded by the Ashden trust, is a prestigious award given for the promotion and use of sustainable energy. It is popularly known ... Read More »

Renewable energy certificates trading volumes slide in January


According to reports, indicating sluggish demand, trading volumes of renewable energy certificates witnessed significant decline in January even as their prices remained stable at the Indian Energy Exchange (IEX). As many as 78,955 non-solar and 5,517 solar RECs were traded on the bourse last month. This is way lower than 2,50,722 non-solar and 6,893 solar certificates traded in December. The decline in REC trading volumes was around 67 per cent in January as compared to December last year. Latest data ... Read More »

ONGC reworks stake dilution in coal-bed methane fields


According to reports, oil and gas explorer ONGC has revised plans to dilute its stake in three coal-bed-methane assets. The state-owned company will now divest 25 per cent each in its Ranigunj and North Karanpura blocks and 35 per cent in Bokaro. In May this year, following a bidding process, ONGC had offered Dart Energy 25 per cent in Bokaro, a similar stake in North Karanpura in Jharkhand and 10 per cent in Ranigunj, West Bengal. However, the company decided ... Read More »

Wipro, Infy score big on carbon footprint disclosure


According to reports, concern for the environment among Indian industry is definitely on the rise, says a new report by the UK-based non-governmental organisation, Carbon Disclosure Project (CDP). This year more companies have got high disclosure scores on the organisation’s Climate Disclosure leadership Index or CDLI. Wipro leads the Indian bandwagon with an impressive score of 98, followed by Essar Oil and Infosys Ltd, both scoring 92. “A high disclosure score signals that a company provided comprehensive information about the ... Read More »

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