Ever since the Copenhagen mess happened, India has been planning to independently launch a Renewable Energy Certificates (REC) trading programme to bring down carbon-intensive energy consumption. The New and Renewable Energy Ministry and the Central Electricity Regulatory Commission (CERC) want to roll it out in April.
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/green-power-hour
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/tehelka-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/renewable-energy
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fossil-fuels
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ministry-new-and-renewable-energy
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/rajasthan