Besides RECs, what are some other types of EACs? [OLD]
As RECs only cover North American markets, many buyers must look beyond RECs to meet their energy needs: First, we will touch on what they often refer to as the European equivalent to North American RECs, Guarantees of Origin (GOs or GoOs). A GO represents the environmental attributes associated with one MWh of energy produced […]
- As RECs only cover North American markets, many buyers must look beyond RECs to meet their energy needs:
- First, we will touch on what they often refer to as the European equivalent to North American RECs, Guarantees of Origin (GOs or GoOs). A GO represents the environmental attributes associated with one MWh of energy produced from a specific resource – this is not limited solely to consumption of renewables, but all types of energy. Over 25 countries in Europe can purchase GOs from the list of Association of Issuing Bodies (AIB) members, and are governed by the European Energy Certificate System (EECS).
GOs are issued by the competent national authority to each renewable energy producer that owns eligible power plants. Since GOs represent all types of produced energy, a Renewable Energy Guarantees of Origin (REGO) shows that electricity has been generated from renewable sources. Typically, electricity suppliers will use REGOs to show consumers the proportion of renewable electricity they have been given. - International renewable energy certificates (I-RECs) represent transferable proof that one MWh of electricity was produced from renewable energy sources—wind, solar, ocean energy, biomass, hydropower, landfill gas, aerothermal, geothermal, and landfill gas projects—and added to an electrical grid. I-RECs grant corporate buyers in over 30 countries a credible tool to support renewable energy.
- Tradable Instruments for Global Renewables (TIGRS) are generally used in Asia and Central America and are exchanged on the tracking and trading platform for global EACs, called the TIGRs Registry. Typically, I-RECs are also used where TIGRs are available.
- Large-Scale Generation Credits (LGCs) are used to comply with Australia’s renewable energy target, and represent the generation of large-scale solar, wind or hydroelectric projects.
- Used in Japan, J-Credits are tradable emission reduction instruments recognized for renewable energy claims by the CDP and RE100 when issued from qualifying facilities.
- New Zealand Energy Certificate System (NZECS) is a recently established option that helps companies operating in New Zealand go the extra mile to reach their renewable energy targets.
