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

16 Dec 2017

26 Oct 2017

14 Jul 2017

No. of Villages covered 271 122 89 482
No. of Families 3,823 2,551 1,592 7,966
Completed Construction 3,559 2,502 1,511 7,572
Commissioned & being used 2,731 2,502 1,449 6,682

Days Used

1,211,858

1,061,798

296,505

2,570,161
CERS generated 14,542 10,980 5,849 31,371

Finance Reports