Renewable Energy Credits (RECs) are a market based instrument to promote renewable energy power and facilitate renewable energy portfolio obligations. Tradable RECs have been used extensively as a successful market-based policy instrument to promote renewables in Australia, Japan, the US, the Netherlands, Denmark and the UK.
Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/renewable-energy-credits-way-forward-grid-connected-renewables
[2] http://admin.indiaenvironmentportal.org.in/category/author/amit-kumar
[3] http://admin.indiaenvironmentportal.org.in/category/author/shirish-garud
[4] http://admin.indiaenvironmentportal.org.in/category/author/nidhi-maurya-et-al
[5] http://admin.indiaenvironmentportal.org.in/category/journal/inwind-chronicle
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-policy
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/renewable-energy
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india