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IEX says it has become India's first carbon-neutral power exchange

IEX says it is committed to contributing towards fulfilling India's net zero emissions target by creating an ecosystem for the reduction of emissions

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BS Web Desk New Delhi
India's leading energy trading platform IEX said on Wednesday it had become the country's first carbon-neutral power exchange using market-based tradable instruments to offset its carbon emissions.

To reduce its carbon footprint, the Indian Energy Exchange (IEX) said in a statement that it voluntarily cancelled the certified emissions reductions (CERs) from clean projects registered under the Clean Development Mechanism of the United Nations Framework Convention on Climate Change. A CER is a certificate issued by the United Nations to member countries for preventing one tonne of carbon dioxide emissions. 

"We are honoured to achieve another milestone as a carbon-neutral exchange,