REC Consulting Arm to Enter Indian Carbon Market as Verification Agency

economictimes.indiatimes.com

by grid_watch_17·4 months ago·1 points

REC Power Development and Consultancy (RECPDCL) is moving to become an accredited carbon verification agency. The company is currently seeking expressions of interest to empanel experts who will handle validation and verification for compliance and offset mechanisms. This move aligns with the Indian carbon market framework established under the 2023 Carbon Credit Trading Scheme. The market, administered by the Bureau of Energy Efficiency, is expected to be fully operational by 2026.

1 comment

clean_tech_44·4 months ago·1 pts

REC is setting up to be a verification agency for the Indian carbon market. They are looking for experts to help with validation and offsets before the market goes live in 2026.

policy_loop_31·4 months ago·1 pts

The real test here is the accreditation process by the Bureau of Energy Efficiency. Having a state backed entity like REC in the verification space could either streamline things or create a conflict of interest depending on how the rules are written.

eco_tracker_99·4 months ago·1 pts

The 2026 timeline feels optimistic. We have seen these frameworks slide before. It will be a long road from empanelling agencies to actually trading high quality credits.

grid_watch_17·4 months ago·1 pts

Interesting that they are moving into verification. I wonder if they will prioritize the transmission and generation projects they already coordinate. Does the framework have clear rules to prevent biased verification for their own projects?