FCS-IndiGo Partnership

IndiGo logo

In February 2014 the Fair Climate Network entered into a partnership with IndiGo, India's largest domestic airline, to reduce Greenhouse Gas Emissions (GHG). Under this Agreement, IndiGo encourages its passengers to reduce their carbon footprint. Passenger Contributions are used to fund a series of Carbon reducing initiatives in villages across the country. The next time you book your ticket, you too can contribute ₹ 100 and help make a difference.

FCN-IndiGo ERPA's

Under an Emission Reduction Purchase Agreement (ERPA), IndiGo purchased 97,896 yet-to-be-generated CERs from CROSS for a total of ₹ 11.17 crore (average price ₹ 1,141 per CER) on behalf of its Passengers. These CERs will not be traded in the International Carbon Market; they will be retired in the UNFCCC Retirement Registry. Thereby IndiGo will facilitate Passengers make a real and absolute contribution to GHG reduction, while at the same time promoting sustainable development for rural households.

In January 2015, IndiGo purchased yet another 66,523 CERs under a similar ERPA with Accion Fraterna for a total of ₹ 8.5 crore (average price ₹ 1,277 per CER).

In June 2016, IndiGo purchased yet another 69,661 CERs under a similar ERPA with SUVIDHA for a total of ₹ 7.5 crore (average price ₹ 1,078 per CER).

Biogas CDM Projects

Grassroots NGO CROSS
Chittoor
Andhra Pradesh
Accion Fraterna
Anantapur
Andhra Pradesh
SUVIDHA
Haldwani
Uttarakhand
 
ERPA date Apr 2014 Jan 2015 Jun 2016
ERPA Target (Biogas units) 5,000 2,500 2,000 9,500
Forward purchase of yet-to-be-generated CERs 97,896 66,523 69,671 234,090
Cost-of-generation ₹ 11.17 cr ₹ 8.5 cr ₹ 7.50 cr ₹ 27.17 cr
Average Price per CER ₹ 1,141 ₹ 1,277 ₹ 1,078 ₹ 1,161

Progress as on

30 Sep 2020

04 Mar 2020

28 Jul 2019

No. of Villages covered 277 165 133 575
No. of Families 4,047 3,379 2,874 10,300
Completed Construction 3,816 3,201 2,821 9,838
Commissioned & being used 3,095 3,090 2,803 8,988

Days Used

3,038,747

3,062,386

2,595,767

8,696,900
CERS generated 36,465 31,668 51,204 119,337
Issued, Retired & Transferred to IndiGo 31,794 26,742 11,565 70,101

Finance Reports