India’s Carbon Market Takes Shape: From Policy Blueprint to Trading Reality
Laying the Groundwork: The Law That Started It All India has moved from pilots and intent to an operational design for a national carbon market. The legal foundation sits in the Energy Conservation (Amendment) Act, 2022, under which the government is
Karnataka’s 2025 Grid Code and Open Access Reset: A Turning Point for Market Access, Discipline, and Decentralized Power
What’s new - At a glance The Open Access Regulations, 2025 were notified on 26 March 2025. KEGC 2025 was notified in July 2025 and establishes a fresh intra-state grid discipline. Alongside, the state has issued a fresh Deviation Settlement Mechanism (DSM) regulation
India’s REC Framework 2025: A Shift Towards Smarter, Inclusive and Stricter Renewable Energy Compliance
The Central Electricity Regulatory Commission (CERC) has released the Draft Renewable Energy Certificate (REC) 1st Amendment Regulations, 2025, marking a major shift in India’s renewable energy compliance landscape. This amendment goes beyond routine revision, aiming to align renewable procurement, compliance,
Re-calibrating Power: How Transmission Governance Is Evolving in India
On 23 June 2025, the Ministry of Power (MoP) issued a Gazette notification amending the Electricity (Transmission System Planning, Development and Recovery of Inter State Transmission Charges) Rules, 2021. The amendment allows the Central Government to delegate approval authority for
Uttarakhand Cabinet Clears Geothermal Energy Policy 2025 to Strengthen Renewable Energy Portfolio
On 9 July 2025, the Uttarakhand state cabinet approved the Geothermal Energy Policy 2025, marking the first structured framework for the exploration and development of geothermal resources in the state. This policy seeks to harness the Himalayan hot springs for
Policy Brief – Bihar Renewable Energy Policy 2025
Executive Summary The Bihar Renewable Energy Policy 2025 introduces aggressive targets for solar wind and distributed generation backed by a toolkit of financial incentives and implementation mechanisms. While the policy reflects the state's intent to transition to a cleaner grid its
Carbon Market Draft Rules: India’s Compliance Era Begins
India has taken a landmark step towards formalising its carbon market framework by notifying the Draft Greenhouse Gas Emission Intensity (GEI) Rules, 2024. Issued by the Ministry of Environment, Forest and Climate Change (MoEFCC), these rules have put forth legally