India Unveils Renewable Energy Trade Rules

India’s federal electricity regulator announced a policy for regulating tradable energy instruments in the country, a step that will help open up its multibillion-dollar carbon markets as it attempts to balance a rapidly expanding economy with low-carbon growth.

The instruments–called renewable energy certificates–will help boost power generation from water, wind, solar and other such clean energy sources in the country.

The policy will create a national-level market for buying and selling such certificates, the Central Electricity Regulatory Commission said in a statement late Monday.