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Context: Union Minister of Power and New & Renewable Energy, has given his assent to amendments in the existing Renewable Energy Certificate (REC) mechanism.
Aim: The intent behind this decision is to align the ‘mechanism’ with the emerging changes in the power scenario and also to promote new renewable technologies.
Significance of the move:
Salient features of changes proposed:
What is REC mechanism?
What is the objective of Renewable Energy Certificate (REC) mechanism?
What is the denomination of each REC issued?
How many types of RECs are there?
https://www.pib.gov.in/PressReleasePage.aspx?PRID=1759300
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