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The Abu Dhabi Department of Energy (DoE) has been appointed the accredited issuer of Clean Energy certification as part of its moves to drive the transition to a sustainable decarbonized energy sector and to set up a market for trading renewable and nuclear energy attributes in the emirate.
The department has also set out new regulations and principles for implementing a clean energy certificates scheme in Abu Dhabi, as a measure to help reduce the carbon footprint associated with power generation.
The certificate scheme would also provide an accreditation system that caters to the growing appetite among corporate businesses and households to contribute to the fight against climate change, the department said in a statement on Sunday.
The DoE has designed the Clean Energy Certificates scheme based on the internationally recognised attribute tracking system for renewable energy certificates developed by the International Renewable Energy Certificate Standard Foundation (I-REC Standard). An agreement has been signed between both parties, appointing DoE as the accredited I-REC local issuer for Abu Dhabi.
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.
Since electricity generated from clean energy sources is indistinguishable from that produced by any other source, "such an attribute tracking system is required to validate electricity providers’ and consumers’ claims of using low or zero-emissions electricity, thereby reducing their carbon footprint."
Emirates Water and Electricity Co. (EWEC) will act as a Single Registrant for the electricity injected into the grid from DoE licensed generation entities.
(Writing by Brinda Darasha; editing by Daniel Luiz)
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