Green Certification

CleanHedge Offers Green Certification services such as International Renewable Energy Certificates, Domestic Renewable Energy Certificates and Carbon Credit Certification.


Each type of certificate has a different use case, and we help clients determine the most suitable certification based on the project to be registered or the goal to be achieved with the certification.

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CleanHedge Offers Green Certification services such as International Renewable Energy Certificates, Domestic Renewable Energy Certificates and Carbon Credit Certification.


Each type of certificate has a different use case, and we help clients determine the most suitable certification based on the project to be registered or the goal to be achieved with the certification.

INTRODUCTION TO I-RECS

The Global Standard for Renewable Energy Tracking

I-REC, or International Renewable Energy Certificate, is a market-based instrument that is used to track and verify the production and use of renewable energy. I-RECs serve as a proof that a certain amount of energy has been generated from renewable sources, and can be traded and sold in voluntary and compliance markets. The I-REC system is a global standard that ensures transparency, credibility, and reliability in the renewable energy market. It allows businesses, governments, and individuals to purchase and claim renewable energy use and meet their sustainability targets. Each i-REC is equivalent to 1,000 units of power i.e. 1,000 kWh or 1 MWh

Key Features:

I-RECs are verified through a rigorous process that ensures that the renewable energy generated meets the necessary criteria, such as the type of energy source and the date of production.
The I-REC system is a global standard that provides consistency and transparency in the renewable energy market, making it easier for organizations to participate and for consumers to track and verify renewable energy use.
I-RECs are a market-based instrument, which means that they can be traded and sold involuntary and compliance markets, providing a mechanism for businesses and governments to support renewable energy and reduce their greenhouse gas emissions.
I-RECs can be used in a variety of contexts, including in countries that do not have established renewable energy certificate markets, or as a complementary tool in existing systems.
By purchasing I-RECs, organizations are supporting the growth of renewable energy and accelerating the transition to a low-carbon economy. This creates a positive impact beyond the direct benefits of renewable energy use
I-RECs are managed by an independent, non-profit organization, the I-REC Standard Foundation, which ensures that the system is implemented consistently and accurately across all countries and regions where I-RECs are used. This provides credibility and assurance that renewable energy use is accurately tracked and verified.
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INTRODUCTION TO DOMESTIC RECS

In India, Domestic Renewable Energy Certificates (RECs) are a market-based instrument designed to promote renewable energy generation within India and help obligated entities meet their renewable purchase obligations (RPOs).

RECs were introduced to encourage renewable energy development and to provide flexibility for power distribution companies (DISCOMs), large power consumers, and captive power producers to meet RPOs without physically procuring renewable power. RECs are traded on power exchanges such as Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL), where obligated entities buy RECs to meet their RPOs which are set by State Electricity Regulatory Commissions (SERCs), but trading is national. After buying RECs, the buyer “retires” them in the registry to claim compliance.

Recent Updates for Domestic RECs:

  • 2022
    The Ministry of Power revamped REC rules to make them valid for life, instead of having a fixed validity.
  • TECHNOLOGY
    The floor and forbearance prices for RECs were removed, so market forces set prices.
  • SYSTEM SIZE
    India is also working toward integrating RECs with Green Hydrogen and other clean energy targets.
INTRODUCTION TO CARBON CREDITS

Drives Climate Action Through Emission Reduction and Offsetting

Carbon credits are permits that represent the right to emit a specific amount of greenhouse gases—most often one metric ton of carbon dioxide (CO₂) or its equivalent (CO₂e). They act as a financial tool to reduce pollution and promote sustainable practices.
Each carbon credit equals the avoidance, reduction, or removal of 1 ton of CO₂e from the atmosphere. Businesses and organizations can trade credits—those emitting less than their allowance can sell, while those exceeding limits can buy credits to offset their emissions. Carbon credits are generated by certified projects such as renewable energy, reforestation, methane capture, and energy efficiency upgrades. Depending on market guidelines, they are traded in two main systems: Compliance Markets (government-regulated) and Voluntary Markets (driven by corporate and individual sustainability goals).

Key Features:

Represents 1 ton of CO₂e avoided, reduced, or removed.
Encourages trading between low and high emitters.
Generated by renewable, forestry, methane, or efficiency projects.
Mandatory for industries under government emission caps.
Used by companies/individuals for CSR and sustainability branding.
Supports climate change mitigation and net-zero targets.

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