- India is committed to making development process as green as possible.
- Aims to achieve 50% of energy requirement through non-fossil fuels by 2030 (COP26).
- Tariffs on electricity from renewable sources have come down.
- Renewable Energy Certificates (RECs):
- Market-based instrument, certifies energy from renewable sources.
- Obligated entities (DISCOMs, captive power plants) must purchase RECs or renewable power.
- RPOs (Renewable Purchase Obligations) are backbone of renewable energy program.
- This promotes investment in renewable energy and reduces reliance on fossil fuels.