Goods and Services Tax Act 2017

Evolution of Environmental Attributes in India

Environmental attributes represent the characteristics of electric power generation that have an intrinsic value (excluding the energy output), arising from perceived environmental benefits of electricity generation from renewable sources, that result in the avoidance of adverse impact on the environment. For renewable energy generators (RE Generators) to realise tangible benefits from environmental attributes, various renewable energy tracking systems have evolved. These help RE Generators to monetise the green component of electricity, by selling environmental attributes to various entities (both obligated and voluntary), thereby creating much required liquidity. RE Generators in India have been realising the benefits of environmental attributes by registering their projects under the renewable energy certificate (RECs) mechanism, and various other international programmes, as outlined below.

Continue Reading Evolution of Environmental Attributes in India