The Renewable Purchase Obligation mechanism and the trade of Renewable Energy Certificates were introduced to promote investment in renewable energy. However, the RPO requirement has not been met in many cases in India, which has resulted in low trading in RECs. While there are a few instances of state electricity regulatory commissions imposing penalties, a uniform enforcement of this mechanism by imposing specific penalties on non-complying entities can be recommended.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/enforcing-renewable-purchase-obligations
[2] http://admin.indiaenvironmentportal.org.in/category/author/rashmi-nayar
[3] http://admin.indiaenvironmentportal.org.in/category/journal/economic-and-political-weekly
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/renewable-energy
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy-policy
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/electricity
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/solar-energy
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/statistics
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/uttaranchal-uttarakhand
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/madhya-pradesh
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/japan
[13] http://admin.indiaenvironmentportal.org.in/category/thesaurus/subsidies
