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CERC proposes framework for carbon credit certificate trading

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The Central Electricity Regulatory Commission (CERC) has issued the draft CERC (Terms and Conditions for Purchase and Sale of Carbon Credit Certificates) Regulations, 2024.  The regulations aim to establish a structured framework for trading carbon credit certificates (CCCs) on power exchanges, applicable to both obligated and non-obligated entities. Under the draft, the Grid Controller of India will serve as the registry for CCC exchanges, while the Bureau of Energy Efficiency (BEE) will manage CCCs under…

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BEE, NTH partner to enhance energy efficiency standards

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The Bureau of Energy Efficiency (BEE) and the National Test House (NTH) have signed an MoU to strengthen the Standards & Labeling (S&L) Program, which promotes energy efficiency across India. BEE Secretary Milind Deore and NTH Director General Alok Kumar Srivastava signed the MoU in the presence of Ministry of Power Secretary Pankaj Agarwal and Department of Consumer Affairs Secretary Nidhi Khare. This collaboration aims to improve the accuracy and reliability of energy performance standards,…