Key Documents & Presentations
|India: Final Market Readiness Proposal PPT||English||March 2017|
|India: Final Market Readiness Proposal||English||February 2017|
|Resolution PA16/2017-2: Allocation of Implementation Phase Funding to India||English||March 2017|
India has not finalized an MRP. It is expected that PMR support will:
- Build and integrated GHG data management system and develop an off-grid Renewable Energy Certificate (REC) program; and
- Expand sectoral coverage of the Perform Achieve and Trade (PAT) system.
- The Perform Achieve Trade (PAT) System is a market-based mechanism under NMEEE to enhance energy efficiency in energy intensive industries, known as Designated Consumers (DCs)
- DCs will be given Specific Energy Consumption (SEC) targets to meet over a period of three years
- If they surpass energy savings above the target benchmark, they qualify for earning Energy Saving Certificates (ESCerts), which could be traded with DCs who fall short of their given targets
- All entities who do not meet their targets will need to buy ESCerts or pay penalty
- PAT is targeted at saving 6.6 mMTOE which amounts to an avoided capacity of 5623MW over a period of three years
- On July 1, 2010 India introduced a nationwide carbon tax of 50 rupees per metric tonne ($1.07/t) of coal both produced and imported into India
- The carbon tax revenue will help finance a National Clean Energy Fund (NCEF)
Offset and/or Other Emission Reduction Crediting Programs
Renewable Energy Trading Certificates
- Under Indian Electricity Act 2003, the State Electricity Regulatory Commission (SERC)s set targets for utility companies to purchase some percentage of their total power from renewable energy sources. These targets, called Renewable Purchase Obligations (RPOs), vary from state to state due to the potential of renewable energy.
- If the utility company is unable to buy its share of renewable energy, it can compensate that by buying the Renewable Energy Certificate (REC) from the market to make up the shortfall
- Under the REC Mechanism, when Renewable Energy is generated (solar, wind, biomass, etc), the energy is divided into two components – the physical commodity electricity and a tradable certificate, which is the REC.
- The commodity electricity is sold to the distribution company/utility or user at a mutually agreed tariff while the REC can be traded in the exchange. The utility companies can make up for their shortfall in meeting the RPO targets by buying the RECs from the exchange
- The denomination of each REC is 1 MWh (1 REC = 1000 units (kWh) of electricity generated). In other words, the electricity producer can sell 1 REC for every 1000 units of electricity generated.
In December 2009, India announced a voluntary target to reduce the emissions intensity of its GDP by 20 to 25 percent over the 2005 levels by 2020. The focus is on both introduction of renewable sources of energy and reduction of the demand. The National Action Plan on Climate Change (NAPCC) was announced in June 2008, and consists of 8 national missions outlining existing and future policies addressing climate mitigation and adaptation
The 8 missions are:
- National Solar Mission
- National Mission for Enhanced Energy Efficiency
- National Mission on Sustainable Habitat
- National Water Mission
- National Mission for Sustaining the Himalayan Ecosystem
- National Mission for a Green India
- National Mission for Sustainable Agriculture
- National Mission on Strategic Knowledge for Climate Change
The National Mission for Enhanced Energy Efficiency (NMEEE) will implement market-based approaches to unlock energy efficiency opportunities, estimated to be USD 35 billion. The Indian Solar Cities Programme (ISCP) will support Urban Local Bodies to prepare a plan for a minimum 10% reduction in projected demand for conventional energy in 5 years. The 2 key missions – NMEEE and ISCP – are being proposed for PMR support.
The Ministry of Environment and Forests (MoEF) is responsible for coordination of external support to India’s Climate Change activities and will lead the work of the PMR. The MoEF will work with the Ministry of Power on the implementation of the National Mission on Enhanced Energy Efficiency (NMEEE). The MoEF will work with the Ministry of New and Renewable Energy on the development and implementation of the Indian Solar Cities Programme (ISCP).
MoEF also serves as the nodal agency in the country for the United Nations Environment Programme (UNEP), South Asia Co-operative Environment Programme (SACEP), International Centre for Integrated Mountain Development (ICIMOD) and for the follow-up of the United Nations Conference on Environment and Development (UNCED). The Ministry is also entrusted with issues relating to multilateral bodies such as the Commission on Sustainable Development (CSD), Global Environment Facility (GEF) and of regional bodies like Economic and Social Council for Asia and Pacific (ESCAP) and South Asian Association for Regional Co-operation (SAARC) on matters pertaining to the environment.
The broad objectives of the Ministry are:
- Conservation and survey of flora, fauna, forests and wildlife
- Prevention and control of pollution
- Afforestation and regeneration of degraded areas
- Protection of the environment and
- Ensuring the welfare of animals
These objectives are well supported by a set of legislative and regulatory measures, aimed at the preservation, conservation and protection of the environment. Besides the legislative measures, the National Conservation Strategy and Policy Statement on Environment and Development, 1992; National Forest Policy, 1988; Policy Statement on Abatement of Pollution, 1992; and the National Environment Policy, 2006 also guide the Ministry's work.
- Memorandum of Understanding with the Kingdom of Denmark on Cooperation in Areas of Environment
- Memorandum of Understanding with the Kingdom of Norway Regarding the Establishment of a Joint Commission of Cooperation
- Memorandum of Understanding with the Government of the Kingdom of Sweden on Cooperation in the Field of the Environment
- Memorandum of Understanding with the Government of India and the Government of Finland on Cooperation in the Field of the Environment
- Memorandum of Understanding among India, Brazil and South Africa on Cooperation in the Area of Environment under IBSA Forum
- India-UK Statement of Cooperation between India and United Kingdom on Sustainable Transport
- Joint Statement of Intent between the Government of USA
- Memorandum of Understanding on CDM
- Memorandum of Understanding Between the Government of the Republic of India and the Government of Arab Republic of Egypt on Cooperation in the Field of Environmental Protection
- Protocol on Conservation of the Royal Bengal Tiger of the Sunderban Between the Government of the Republic of India and Government of the People's Republic of Bangladesh
- Memorandum of Understanding Between the Government of the Republic of India and the Government of the People's Republic of Bangladesh on Conservation of the Sundarban
- Centre for Environment Education (CEE) was created in recognition of the importance of environmental education in India's overall environment and development strategy. The result of a unique partnership between government and a non-governmental institution, CEE was established as a Centre of Excellence in 1984 by the Ministry of Environment and Forests (MoEF). CEE now works in the field of environment education and action for a wide range of sectors, target groups and geographical areas.
- National CDM Authority
All Documents & Presentations
|India: Progress of MRP (April 2016)||English||April 2016|
|India: Organizing Framework||English||May 2012|
|India: Expression of Interest Presentation||English||October 2011|
|India: Expression of Interest Letter||English||June 2011|
|India: Expression of Interest (EoI)||English||June 2011|
|Resolution PA3/2012-1: Allocation of PMR Preparation Phase Funding to Brazil, India, Jordan, South Africa, Vietnam||English||May 2012|
|Resolution PA2/2011-2: Confirmation ICPs and Vietnam Delivery Partner Arrangement||English||October 2011|
|India: Market Mechanism to Promote Energy Efficiency and Renewables||English||May 2012|
|India: Country Program Update||English||November 2018|
|India: PMR Project Implementation Status Report 2018||English||October 2018|
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