Growth Of Renewable Energy Certificates Market 2016 - 2023 oct 2016 | Seite 2

REPORT DESCRIPTION

Renewable energy certificates (REC), are used in international trade of renewable energy for stimulating
development in renewable energy sector. REC are also known by other name such as green certificates, renewable
certificates, green tags, and tradable renewable certificates. These certificates are traded in the international
market. The basic aim behind these certificates is to promote development of renewable energy sources and thus
enabling the market creation for renewable energy. As soon as the electricity provider has fed electricity into the
grid, they get a renewable energy certificate that can be sold in international market as a tradable commodity. This
certificate is an evidence that 1 megawatt-hour of power was generated from a renewable energy source.
Complete Report Renewable Energy Certificates Market with TOC :
http://www.transparencymarketresearch.com/renewable-energy-certificates-market.html
Production of green energy or renewable energy costs more and these energy certificates provides an additional
income to the energy providers. An equivalent numbers of REC’s is produced for every unit of electricity generated.
These certificates helps to replace fossil fuel based power generation in places where renewable electricity
generator is located. Purchase of renewable certificates offsets conventional energy generation and the buyer
receives a separate electricity bill for the utility.
Renewable energy creates electricity that is delivered through vast network of transmission wires. These
transmission wires or grid is segmented into regional power pools and many times they are not properly inter
connected. For the sale of renewable electricity a system or body was created which separates renewable electricity
generation into two parts mainly the electricity produced by renewable energy and renewable attributes of that
electricity generation. These attributes are sold as REC’s in the international market. No certificates would be
granted for the electricity part of the split as it no longer considered renewable or green energy. Several
environmental organizations claims that there is no ecological benefits by the certification method currently used as
the demand for certificates does not exceed the overall supply of renewable electricity. International drivers for
REC’s are global warming issues related to burning of fossil fuels.
Renewable energy certificates are categorized on the types of renewable energy produced like solar energy,
biomass energy, wind energy, hydroelectric energy, geothermal energy and the certificate marketers worldwide.
Various tax benefits and rebates are provided for renewable energy based power generation.