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Santosh Singh Director Climate, Energy and Agriculture and Ankit Gupta AVP Intellecap share their perspective about ‘The Promise of blockchain ‘ in the renewable sector

Blockchain could be a game changer in the energy sector, particularly in renewable energy. The technology has the potential to fulfil the policy and regulatory, technological and economic requirements of a decentralised, decarbonised and digitalised renewables-based energy system. For instance, the current practice of buying and selling renewable energy certificates (RECs) is very complicated with a major risk of errors. Blockchain could track renewable energy at source, providing an alternative to RECs. Global and Indian energy experts highlight the possible…