IEX becomes India's first power neutral power exchange

14 Dec 2022 , 09:19 AM

The Indian Energy Exchange (IEX), India’s leading and premier energy market platform, has achieved carbon neutrality. IEX is now India’s first carbon-neutral power exchange, with carbon emissions offset through market-based tradable instruments.

To reduce its carbon footprint, IEX voluntarily cancelled CERs (certified emissions reductions) from clean projects registered under the UNFCCC (United Nations Framework Convention on Climate Change) Clean Development Mechanism and used market-based tradable instruments. EKI Energy, India’s pre-eminent global service provider in the fields of energy, carbon credit, and quality management, served as the sustainability partner in this climate action exercise by providing advisory and consultancy services.

The commitment of IEX to climate mitigation will benefit corporations and industries seeking to be associated with an environmentally responsible organisation, allowing them to contribute to the critical challenge of climate change.

IEX is committed to helping India achieve its Net Zero emissions target by developing an emissions-reduction ecosystem.

At around 9.21 AM, Indian Energy Exchange was trading at Rs148.10 up by 0.82% from its previous closing of Rs146.90 on the BSE. 

For feedback and suggestions, write to us at [e-mail]