The World Bank Institute co-organized the India Carbon Market Conclave 2011, highlighting the success of the Indian Energy Certificates Scheme, by which renewable energy certificates and energy savings certificates may be traded to raise revenue for clean technologies and to support the attainment of national emission reduction goals.
14 October 2011: As part of a South-South learning initiated by the World Bank Institute, delegates from Kenya, the Philippines and Thailand participated in a two-day Knowledge Exchange with India’s public and private sector to learn about their experiences using energy certificates.
India’s system of energy certificates allows producers of renewable energy to obtain certificates that can be sold to companies and governmental bodies to comply with policies on renewable energy targets. The country is expecting significant savings through fuel savings, avoiding emissions, and improved transmission infrastructure. Between March and August 2011, more than 120,000 megawatt hours of renewable energy were certified under the new scheme.