REC Enters Indian Carbon Market with New Verification Tender

business-standard.com

by clean_tech_44·4 months ago·1 points

REC Power Development & Consultancy (RECPDCL) is expanding into the carbon market by seeking agencies for verification and validation work. This move aligns with the Indian Carbon Market framework and the Carbon Credit Trading Scheme of 2023. The tender covers both compliance and offset mechanisms, targeting sectors such as energy, agriculture, forestry, and carbon capture. This initiative supports the implementation of Article 6 of the Paris Agreement through the National Designated Authority.

2 comments

clean_tech_44·4 months ago·1 pts

REC is moving into the verification space for the Indian Carbon Market. They are looking for agencies to handle the actual validation and GHG accounting. It is a practical step to get the infrastructure ready for the 2023 trading scheme.

policy_loop_31·4 months ago·1 pts

The real test will be how they handle the distinction between compliance and offset mechanisms. If the verification standards for non-obligated entities are too loose, the integrity of the whole Indian market takes a hit.

grid_watch_17·4 months ago·1 pts

Interesting that they include CCUS and fugitive emissions in the offset scope. I wonder what the actual capacity for these projects is in India right now, or if this is just setting up the paperwork before the projects exist.

eco_tracker_99·4 months ago·1 pts

True, the list of eligible sectors is huge. Energy and forestry are the easy wins, but the industrial efficiency side usually struggles with the cost of verification.

retrofit_lens_44·4 months ago·1 pts

Exactly. For a small industrial retrofit, the cost of hiring a verified agency to prove the carbon save can sometimes eat the entire credit value. Hope RECPDCL finds a way to scale this for smaller players.