INDUSTRY WATCH want their practices to reflect their social responsibility , our Clean Energy Certificates offering is timely and will support end-users in their sustainability goals . We are delighted to launch the Regulatory Policy for Clean Energy Certificates to support the overall integrity of measuring , reporting and accreditation requirements for the issuance and management of such certificates while ensuring alignment with international practices and additional domestic criteria .”
Clean Energy Certificates are voluntary tradeable financial instruments which certify the purchase of a specific amount of electricity that has been generated from a clean energy source . Once the solar or nuclear energy is fed into the grid , the Clean Energy Certificates can be traded as credits to claim the environmental and social benefits of low carbon energy consumption .
Othman Al Ali , Chief Executive Officer , EWEC , said : “ EWEC is proud to be playing its role in supporting DoE ’ s new strategic initiative to decarbonise Abu Dhabi ’ s electricity value chain . The UAE has an ambitious programme of initiatives to take climate action and EWEC is actively supporting these by leading the change in the energy sector with a focus on sustainability and renewable technologies . EWEC will facilitate the implementation of Abu Dhabi ’ s Clean Energy Certificates scheme by offering I-REC accredited certificates for sale on a quarterly basis . More details on the process will be released shortly , but in the meantime interested parties can visit the EWEC website for more information on how to participate in this exciting initiative .”
To ensure a non-discriminatory approach to the Clean Energy Certificates scheme , anyone can act as a participant and can purchase the certificates and sell them in whole or in part to end customers . The Single Registrant can also act as a participant with prior approval from DoE . This allows anyone , from large corporations to smaller environmentally conscious businesses , to benefit from the system , regardless of their level of consumption . Anyone can buy certificates that guarantee that the electricity they consume does not emit CO 2
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