EnvironmentFirst; with its team of experts, provide the market with independent analysis of Renewable Energy and Carbon Markets. Herein, we broadly, have divided the services in three different segments but not limited to, viz COMPLIANCE MARKET, VOLUNTARY MARKET and REC – India.
Broadly, the carbon market can be divided into two categories namely – The Compliance Market and Voluntary market. This section will deal for Compliance Market.
We say it a Compliance Market as it is driven by governments and firms subjected to carbon constraints under the Kyoto Protocol, EU regulations, and other developed-country climate policies.
This section will deal for Compliance Market. In this market, Carbon Credits are accredited to Independent standards.
Almost in every case one carbon credit represents the reduction of one metric ton of carbon dioxide or its equivalent in other greenhouse gases.
REC or Renewable Energy Certificates are financially tradable certificates, launched by the CERC on 18 Nov 2010, under the roadmap by Electricity Act 2003 & National Action Plan on Climate Change , which can be obtained on grid interactive component of Renewable power projects. This section will be driven by each Month REC-trading analytics for India.
One REC is equivalent to 1 MWh of electricity.