The Delhi government has invited proposals to empanel three consultancies or agencies for generating and monetising carbon credits from eligible green initiatives undertaken by the GNCTD. According to the Department of Environment's e-Request for Proposal (e-RFP) issued on September 15, the selected agencies will be empanelled for three years initially. The empanelment process will include pre-qualification, technical and financial evaluations, with bidders securing at least 80 marks in technical evaluation qualifying for financial evaluation. As per the tender document, the department will empanel the lowest-quoted bidder and two other technically qualified bidders willing to match the lowest quote.
The agencies will assess the carbon reduction potential of eco-initiatives implemented by the Delhi government, prepare technical documentation and register eligible projects with recognised carbon standards. As reported by the Department of Environment, the agencies will also facilitate validation, verification, issuance and trading of carbon credits. The eligible projects include electric bus operations, tree plantation and waste management initiatives undertaken by the GNCTD. According to the RFP, Delhi's greenhouse gas emissions are predominantly driven by the energy sector, followed by transport, industry, waste and residential and commercial buildings.
The carbon credits generated through eligible projects will be monetised through a transparent market mechanism, with the revenue deposited into the Consolidated Fund of the state or a designated account of the Government of the National Capital Territory of Delhi (GNCTD). According to the tender document, this move follows the Delhi Cabinet's approval in January this year of a 'Carbon Credit Monetization Framework' aimed at generating revenue from green initiatives. The government has identified renewable energy, energy efficiency, sustainable transport, improved waste management and circular economy initiatives as areas with potential for emission reduction and carbon-credit generation.
Preliminary assessments cited in the RFP indicate that Delhi could potentially achieve emission reductions of around 25-30 million tonnes of carbon dioxide equivalent annually in the medium term, though the RFP describes this estimate as indicative. As reported by the Department of Environment, Delhi's greenhouse gas emissions are predominantly driven by the energy sector, followed by transport, industry, waste and residential and commercial buildings. The government has identified renewable energy, energy efficiency, sustainable transport, improved waste management and circular economy initiatives as areas with potential for emission reduction and carbon-credit generation.
The last date for submission of bids is four weeks from the date of issuance of the RFP, while the pre-bid conference is scheduled for September 30. According to the department, systematic carbon accounting, monitoring, reporting and verification mechanisms, and market-linked monetisation mechanisms have yet to be fully operationalised at the city level. The department has invited eligible consultancies and agencies to participate through the e-procurement portal.
