"Dream, Dream, Dream! Conduct these dreams into thoughts, and then transform them into action."
- Dr. A. P. J. Abdul Kalam
"Dream, Dream, Dream! Conduct these dreams into thoughts, and then transform them into action."
- Dr. A. P. J. Abdul Kalam
3 Jan 2023
The leading and most renowned energy market platform in India, Indian Energy Exchange (IEX), has achieved carbon neutrality. IEX has become the first power exchange in India to use market-based tradable instruments to offset its carbon emission.
A statement released by the company stated that in order to lessen its carbon footprint, IEX used market-based tradable instruments and voluntarily canceled CERs (certified emissions reductions) from clean projects that were registered under the Clean Development Mechanism of the UNFCCC (United Nations Framework Convention on Climate Change).
Shri SN Goel, Chairman and MD, IEX stated that they were honored to reach another milestone as a carbon-neutral exchange and this would deepen their commitment to India's Net Zero goals. “This accomplishment marks another significant turning point in our 15-year quest to support India's sustainable energy transition”, he added.
IEX’s mission to mitigate climate change will benefit businesses and sectors that wish to be identified with an organization that is committed to environmental responsibility and will allow them to make a significant contribution to the crucial problem of climate change.
Achieving carbon neutrality indicates IEX's dedication to supporting India's sustainability goals, and it accomplishes this goal by building an ecosystem for emissions reduction.
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