India recently launched a market-based mechanism called Renewable Energy Certificates (RECs). However, in the one year of trading so far, participation in the REC markets has been low: RECs have failed to attract investment. In this paper, we evaluate the effectiveness of Indian REC markets against eight government objectives and find that this program is not likely to achieve government objectives.

up

Sign-up to Receive Research and News Alerts from Climate Policy Initiative

Cookie use: We use cookies to personalize content by preferred language and to analyze our traffic. Please refer to our privacy policy for more information.