Abstract Volume:6 Issue-5 Year-2018 Original Research Articles
|Online ISSN : 2347 - 3215
Issues : 12 per year
Publisher : Excellent Publishers
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2DOS in Commerce, Post-Graduation Centre, University of Mysore, Hassan, India
In the recent trend most of the renewable energy power developers globally wishes to invest based on an incentive based mechanism system. In India, most of the renewable power project developers have participated in carbon mechanism from the year 2003 and have also reaped good benefits out of it. But, unfortunately as on today, carbon markets are not much encouraging to Indian renewable energy projects. Nevertheless, very recently a new generation based market exclusively for renewable energy power projects has been introduced globally known as “International Renewable Energy Certificates (IRECs). IREC provides a standard for energy attribute tracking systems that can be easily implemented so that consumers in all regions of the world can have access to internationally recognized, tradable and reliable electricity attribute tracking certificates. This market is yet to be utilized by many of our Indian renewable energy project developers.
How to cite this article:Nandagopal, P. and Devaraja, T.S. 2018. International REC Standard for Empowering Renewable Power Generation.Int.J.Curr.Res.Aca.Rev. 6(5): 13-16