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Renewable Energy Certificate System
The Renewable Energy Certificate System (RECS) was a voluntary system for international trade in renewable energy certificates that was created by RECS International to stimulate the international development of renewable energy. It advocated the use of a standard energy certificate to provide evidence of the production of a quantity of renewable energy and provided a methodology that enables renewable energy trade, enabling the creation of a market for renewable energy and so promoting the development of new renewable energy capacity. A RECS energy certificate was issued for every 1 megawatt-hour (MWh) of renewable energy produced by an electricity generation facility that was registered with the relevant national RECS issuing body. These certificates could be transferred between market parties in different countries and were used to provide evidence of the consumption of renewable energy – at which point they were made non-transferable, in order to ensure that the "renewab ...
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Energy Certificate
An energy certificate or energy attribute certificate is a transferable record or guarantee related to the amount of energy or material goods consumed by an energy conversion device in industrial production. A certificate may be in any form, including electronic, and lists attributes such as method, quality, compliance, and tracking. Terminology An energy attribute certificate (EAC) can include "a variety of instruments with different names, including certificates, tags, credits, or generator declarations." These certificates relate to various tracking systems worldwide. Examples of energy certificates for renewable energy are: * Green tags * Guarantee of origin (GO) * International REC Standard (I-REC Standard) * Renewable Energy Certificates (RECs) * Renewable Energy Credits * Tradable Instruments for Global Renewables (TIGRs) * Tradable Renewable Certificates (TRCs) * Tradable Renewable Energy Certificates (TRECs) Purpose and examples by region Energy certificates issued u ...
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RECS International
RECS International was founded in Brussels in 2002 and is a non-profit-making European association of market players trading in renewable energy certificates. Its members are renewable energy producers, traders, suppliers and brokers, mostly in Europe (but also in South Africa, US and Canada), who either wish to have a voluntary account for trading RECS certificates with their national issuing body and/or wish to influence policy at governmental and regulatory level concerning certificate trading. RECS International represents market players in discussions with national and international government, and facilitates events and activities. RECS International works in cooperation with the Association of Issuing Bodies The Association of Issuing Bodies (AIB) promotes the use of a standardised system European Energy Certificate System (EECS) , based on structures and procedures to ensure the reliable operation of international energy certificate systems. European .... Footnotes ...
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Association Of Issuing Bodies
The Association of Issuing Bodies (AIB) promotes the use of a standardised system European Energy Certificate System (EECS) , based on structures and procedures to ensure the reliable operation of international energy certificate systems. European Energy Certificate System The European Energy Certificate System (EECS) is an integrated European framework for issuing, transferring and cancelling EU energy certificates. It was developed by the Association of Issuing Bodies to provide a properly regulated platform for ... (EECS) is set out in "''The EECS Rules''" and its supporting documents. The work of the AIB is relevant to all electricity customers, as the Guarantee of Origin (the instrument created in the European Directive and standardised through EECS) is a cornerstone of providing reliable disclosure information on the origin of electricity supplied to consumers. Footnotes International organizations based in Europe International energy organizations {{europe-or ...
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European Energy Certificate System
The European Energy Certificate System (EECS) is an integrated European framework for issuing, transferring and cancelling EU energy certificates. It was developed by the Association of Issuing Bodies to provide a properly regulated platform for Renewable Energy Guarantees of Origin, as proposed by REDII. EECS supports all types of electricity, regardless of source or production technology. Energy standard The Guarantee of Origin includes information about the energy attributes of the electricity production to which it relates to such as source, capacity, and age of the plant. The EECS was developed to serve as the standardization system for the European GOs. It is used by more than 28 countries that work with the AIB. The organization maintains that the certification system is intended to secure "in a manner consistent with European Community law and relevant national laws, that systems operating within the EECS framework are reliable, secure and interoperable." It is claimed ...
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Greenpeace
Greenpeace is an independent global campaigning network, founded in Canada in 1971 by Irving Stowe and Dorothy Stowe, immigrant environmental activists from the United States. Greenpeace states its goal is to "ensure the ability of the Earth to nurture life in all its diversity" and focuses its campaigning on worldwide issues such as climate change, deforestation, overfishing, commercial whaling, genetic engineering, and anti-nuclear issues. It uses direct action, lobbying, research, and ecotage to achieve its goals. The network comprises 26 independent national/regional organisations in over 55 countries across Europe, the Americas, Africa, Asia and the Pacific, as well as a co-ordinating body, Greenpeace International, based in Amsterdam, the Netherlands. The global network does not accept funding from governments, corporations, or political parties, relying on three million individual supporters and foundation grants.
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World Wide Fund For Nature
The World Wide Fund for Nature Inc. (WWF) is an international non-governmental organization founded in 1961 that works in the field of wilderness preservation and the reduction of human impact on the environment. It was formerly named the World Wildlife Fund, which remains its official name in Canada and the United States. WWF is the world's largest conservation organization, with over five million supporters worldwide, working in more than 100 countries and supporting around 3,000 conservation and environmental projects. They have invested over $1 billion in more than 12,000 conservation initiatives since 1995. WWF is a foundation with 65% of funding from individuals and bequests, 17% from government sources (such as the World Bank, DFID, and USAID) and 8% from corporations in 2020. WWF aims to "stop the degradation of the planet's natural environment and to build a future in which humans live in harmony with nature." The Living Planet Report has been published every t ...
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ISO RTO
A regional transmission organization (RTO) in the United States is an electric power transmission system operator (TSO) that coordinates, controls, and monitors a multi-state electric grid. The transfer of electricity between states is considered interstate commerce, and electric grids spanning multiple states are therefore regulated by the Federal Energy Regulatory Commission (FERC). The voluntary creation of RTOs was initiated by FERC Order No. 2000, issued on December 20, 1999. The purpose of the RTO is to promote economic efficiency, reliability, and non-discriminatory practices while reducing government oversight. An independent system operator (ISO) is similarly an organization formed at the recommendation of FERC. In the areas where an ISO is established, it coordinates, controls, and monitors the operation of the electrical power system, usually within a single US state, but sometimes encompassing multiple states. RTOs typically perform the same functions as ISOs but cove ...
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Renewable Energy Certificate (United States)
Renewable Energy Certificates (RECs), also known as Green tags, Renewable Energy Credits, Renewable Electricity Certificates, or Tradable Renewable Certificates (TRCs), are tradable, non-tangible energy certificates in the United States that represent proof that 1 megawatt-hour (MWh) of electricity was generated from an eligible renewable energy resource (renewable electricity) and was fed into the shared system of power lines which transport energy. Solar renewable energy certificates (SRECs) are RECs that are specifically generated by solar energy. Background There are two main markets for renewable energy certificates in the United States – compliance markets and voluntary markets. Compliance markets are created by a policy that exists in 29 U.S. states, the District of Columbia, and Puerto Rico, called Renewable Portfolio Standard. In these states, the electric companies are required to supply a certain percent of their electricity from renewable generators by a specified ...
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Renewable Energy Policy
Renewable energy commercialization involves the deployment of three generations of renewable energy technologies dating back more than 100 years. First-generation technologies, which are already mature and economically competitive, include biomass, hydroelectricity, geothermal power and heat. Second-generation technologies are market-ready and are being deployed at the present time; they include solar heating, photovoltaics, wind power, solar thermal power stations, and modern forms of bioenergy. Third-generation technologies require continued R&D efforts in order to make large contributions on a global scale and include advanced biomass gasification, hot-dry-rock geothermal power, and ocean energy.International Energy Agency (2007)''Renewables in global energy supply: An IEA facts sheet'' (PDF)OECD, 34 pages. As of 2012, renewable energy accounts for about half of new nameplate electrical capacity installed and costs are continuing to fall. Public policy and political l ...
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Renewable Energy In The European Union
Renewable energy plays an important and growing role in the energy system of the European Union. The Europe 2020 strategy included a target of reaching 20% of gross final energy consumption from renewable sources by 2020, and at least 32% by 2030.Share of renewables in energy consumption in the EU reached 18% in 2018
News Release, 23 January 2020.
The EU27 reached 22% in 2020, up from 9.6% in 2004. These figures are based on energy use in all its forms across all three main sectors, the heating and cooling sector, the electricity sector, and the transport sector. The main sou ...
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