whatsappicon

UAE: Energy Department Issues Policy for Clean Energy Certificates

Owner's Profile

Staff Writer, TLR

Published on July 14, 2023, 17:41:00

135

UAE, Energy Department

In an effort to reduce the carbon footprint of power generation in the Emirate the Energy Department in Abu Dhabi has issued policy for Clean Energy Certifications for reliable form of accreditation and is modelled on the Internationally recognized standard called   International Renewable Energy Certificate Standard Foundation (I-REC Standard). Every producer of clean energy in the Emirate can register on the I-REC Registry. Businesses and Consumers too can obtain the certificates by being participants after registering on the I-REC Registry. Clean Energy Certificates are voluntary tradeable financial instruments which denote purchase of certain amount of clean energy. The same can be traded as credits for Environmental and Social Benefits for low carbon energy consumption. This scheme might incentivise clean energy production and consumption to a greater extent.

Comments

    whatsappicon