Explore average pricing, vintages, and technologies for carbon credits originating from India.
Access verified India I-REC and domestic REC certificates, Renewable Energy Certificate assets and India Carbon Credits through Hestiya's transparent, blockchain-powered marketplace, built for India ESG Reporting, Scope 2 Renewable Energy Certificates, and Net-Zero strategies.
Non-fossil share of India's installed electricity capacity (2025)
India's non-fossil capacity target by 2030
India's net-zero emissions target
Standard issued by International Carbon Exchange (IEX)
India's renewable energy landscape is anchored by a fast-scaling mix of solar and wind capacity, supported by a large hydropower base. Non-fossil sources crossed 50% of the country's total installed electricity capacity in mid-2025, a milestone reached roughly five years ahead of the government's 2030 target under its Nationally Determined Contribution (NDC) to the Paris Agreement. Solar capacity has grown to over 120 GW and wind to over 50 GW, positioning India Green Energy as one of the world's largest and fastest-growing sources of verifiable, tradeable renewable energy certificates.
As global supply chains tighten disclosure requirements, there is increasing demand for India ESG data, Renewable Energy Certificate and I-REC instruments, Green Energy Certificate (GEC) and Energy Attribute Certificate documentation, carbon credits, Net-Zero commitments, and Decarbonization strategies, instruments that prove renewable electricity consumption and emissions reduction. Corporations with operations, suppliers, or sourcing relationships connected to India are increasingly looking for credible ways to support India ESG goals, Scope 2 Renewable Energy Certificates, and broader net-zero commitments.
Hestiya provides access to verified sustainable energy and green energy solutions through a transparent, blockchain-powered marketplace, spanning I-REC certificates, renewable energy certificates, green energy certificates, energy attribute certificate documentation, and carbon credits. Buyers and developers alike can discover, evaluate, and transact India-based climate assets in one place, backed by verifiable ownership records and retirement documentation suited to formal India ESG disclosures.
India's solar and wind fleets have scaled rapidly over the past decade, while hydropower continues to provide a stabilising base for the grid. ICX (International Carbon Exchange), a wholly owned subsidiary of the Indian Energy Exchange (IEX), is the I-TRACK Foundation-accredited local I-REC(E) Issuer for India, giving corporate buyers a direct, auditable link to verified clean power. Alongside I-RECs, India also operates its own domestic Renewable Energy Certificate (REC) mechanism, regulated by the Central Electricity Regulatory Commission (CERC) and traded on the Indian Energy Exchange, giving buyers two complementary certificate pathways to document renewable electricity use.
This growth is opening real procurement pathways for corporate buyers seeking verified, auditable renewable electricity claims. As India's non-fossil capacity continues its build-out toward the 2030 target, India Renewable Energy projects are increasingly able to support corporate demand through verified certificates rather than physical power purchase alone, and India Renewable Energy Certificate volumes are expected to keep growing in step with the country's wind and solar build-out.
India has committed to a net-zero emissions target by 2070, announced at COP26 alongside the Panchamrit framework, which also sets a goal of 500 GW of non-fossil energy capacity by 2030 and at least 50% of the country's energy requirements met through renewable sources — a milestone the country already reached, five years ahead of schedule. Domestic compliance mechanisms such as CERC's Renewable Purchase Obligations (RPOs) continue to drive corporate demand for renewable certificates, while international disclosure frameworks are reinforcing India Decarbonization efforts and creating a credible foundation for corporate India ESG Reporting tied to the country's renewable energy transition.
Hestiya's India Carbon Credits Marketplace and I-REC Marketplace India enable organisations to purchase verified I-REC and domestic REC certificates, access afforestation and nature-based carbon credits, and support renewable energy procurement, all while meeting India ESG and sustainability targets. The platform also functions as a Green Energy Certificate Marketplace India for buyers who need documented proof of renewable electricity consumption tied directly to India-based generation assets.
India's expanding wind and solar fleet generates substantial volumes of I-REC and domestic REC certificates, giving corporations a verified Renewable Energy Certificate pathway to meet RE100 commitments and Scope 2 Renewable Energy Certificates targets.
India's established hydropower base, spanning both large and small hydro assets, generates verified renewable energy certificates that provide a stable, dispatchable complement to solar and wind supply.
Projects linked to India's National Green Hydrogen Mission, including green hydrogen and green ammonia production, offer an emerging category of climate assets tied to the country's broader decarbonization push.
Forest restoration and afforestation initiatives across India generate measurable carbon removals while supporting biodiversity conservation and ecosystem recovery.
India's agricultural sector generates substantial biomass feedstocks, supporting compressed biogas (CBG) and waste-to-energy projects that deliver measurable emissions reductions alongside rural economic benefits.
Landfill gas recovery, agricultural methane reduction, and livestock management projects reduce potent greenhouse gas emissions while generating certified carbon credits.
Companies sourcing India climate assets through Hestiya can support a full range of India ESG and sustainability needs, from documenting renewable electricity use to substantiating carbon reduction claims in annual sustainability disclosures. These reporting requirements are increasingly tied to verifiable, third-party-trackable certificates rather than self-reported estimates, and Hestiya's marketplace is built to meet that bar, including CERC's evolving regulatory standards.
I-REC(E) is India's internationally recognised energy attribute certificate, issued by ICX (a subsidiary of the Indian Energy Exchange), proving that renewable electricity has been generated and consumed. Each certificate represents one megawatt-hour of renewable electricity, typically from solar, wind, or hydropower projects, and is tracked through the international I-REC registry to prevent double counting.
Companies can buy these certificates through verified marketplaces like Hestiya, giving organisations access to renewable energy certificates directly tied to India-based generation assets, complete with verified ownership and retirement documentation.
It is a platform, such as Hestiya's, where verified carbon credits from India-based afforestation, nature-based, and decarbonization projects can be purchased and traded to support corporate climate goals.
They help companies report renewable electricity usage and document Scope 2 emissions reduction, giving sustainability teams a verifiable data point for India ESG reporting in line with CERC and international disclosure frameworks.
Yes. They support renewable energy procurement and corporate climate strategies, helping companies substantiate progress toward India's 2070 net-zero commitment and 500 GW 2030 non-fossil capacity target.
The mix is led by fast-growing solar and wind capacity, which together account for the majority of India's renewable build-out, alongside an established hydropower base that supplies a stabilising share of the country's electricity.
India's domestic REC is a CERC-regulated compliance instrument traded on the Indian Energy Exchange, primarily used to meet Renewable Purchase Obligations. An I-REC(E) is issued under the international I-TRACK Foundation standard by ICX and is typically used for voluntary corporate claims, including RE100 commitments and Scope 2 reporting. Corporate buyers may use either or both, depending on their reporting framework.
They support carbon reduction strategies, document climate commitments, and strengthen sustainability reporting, alongside renewable certificate purchases, as India's RPO framework and NDC targets continue to evolve.
Market price has decreased compared to June.
The market outlook for India is negative due to falling prices.
HIGH trading activity observed with 160 active records.