MoneyWorks4Me

Indian Energy Exchange becomes India’s first carbon neutral power exchange

14 Dec 2022 Evaluate

Indian Energy Exchange (IEX) has become a Carbon Neutral Power Exchange. IEX is now India’s first carbon-neutral Power Exchange, using market based tradable instruments to offset its carbon emissions.

To reduce its carbon footprints, IEX voluntarily canceled CERs (certified emissions reductions) from clean projects registered under the Clean Development Mechanism of UNFCCC (United Nations Framework Convention on Climate Change) and used market-based tradable instruments. EKI Energy, India's leading pre-eminent global service provider in the sphere of Energy, Carbon Credit & Quality Management, was the sustainability partner by providing advisory & consultancy services in this climate action exercise.

IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
View more..