The Indian Energy Sector - Distributed Ledger Technology Opportunities

Abstract

This paper is one of four in a series that reviews the potential application of blockchain technology in market-based instruments to improve transparency and, consequently, sustainability in the energy value chain in several jurisdictions. The research in these four papers underpins “Blockchain for Governance of Sustainability Transparency in the Global Energy Value Chain” which can be found at: https://ssrn.com/abstract=3236753. In this paper, the author considers the legal and regulatory frameworks for India. From a regulation and policy perspective, the author explores challenges and possibilities for the use of blockchain technology for market based instruments for sustainability, specifically, green certificates and white certificates. The paper also considers the application of blockchain to improve transparency at various stages of the energy value chain.