Indian Energy Exchange becomes India’s first carbon neutral power exchange

The Indian Energy Exchange (IEX) has achieved carbon neutrality and is now India’s first carbon-neutral power exchange by offsetting carbon emissions 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 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 and will allow 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.

IEX is India’s energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates. The exchange platform enables efficient price discovery and increases the accessibility and transparency of the energy market in India while also enhancing the speed and efficiency of trade execution.