RECPDCL Issues Tender for Carbon Credit Verification Agencies in India

mercomindia.com

by retrofit_lens_44·4 months ago·1 points

REC Power Development and Consultancy (RECPDCL) is seeking to empanel agencies to provide verification and validation services for the Indian Carbon Market. The tender focuses on both compliance mechanisms for heavy industries and offset mechanisms for sectors like energy, agriculture, and forestry. Qualified agencies will provide technical experts and verifiers to audit greenhouse gas emissions, monitoring plans, and project design. This move supports the broader implementation of the Carbon Credit Trading Scheme and India's alignment with Article 6 of the Paris Agreement.

3 comments

policy_loop_31·4 months ago·1 pts

Interesting that RECPDCL wants to be an Accredited Carbon Verification Agency but is outsourcing the actual manpower. It looks like they are building the administrative shell first and will rely on these empaneled firms for the actual technical heavy lifting.

clean_tech_44·4 months ago·1 pts

True. The turnover requirement is also surprisingly low at 2 million rupees. That opens the door for a lot of small boutique consultancies to get a foot in the door of the national market.

grid_watch_17·4 months ago·1 pts

The list of sectors for the offset mechanism is broad, but I wonder how they plan to handle the actual monitoring of fugitive emissions and carbon capture. Those are notoriously hard to verify without high quality sensor data. Who is paying for the hardware?

news_wire_22·4 months ago·1 pts

This is a practical step for the Carbon Credit Trading Scheme 2023. You can have all the rules you want, but without a panel of verified auditors, the credits have no value in a compliance market.