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The Abu Dhabi Department of Energy (DoE) has launched a clean energy certification regulatory policy as part of its commitment to promote the transition to a sustainable decarbonized energy sector and marks a fundamental step in the establishment of a renewable energy and nuclear energy trading market. Emirate.
The policy stipulates the regulations and principles for the implementation of the Clean Energy Certificate Program in Abu Dhabi, as a measure to help reduce the carbon footprint associated with power generation, while providing a reliable certification system to meet the growing needs of businesses and households to respond to climate change. Contribute.
Since electricity generated by clean energy is indistinguishable from electricity generated by any other source, such an attribute tracking system is needed to verify the claims of electricity suppliers and consumers on the use of low- or zero-emission electricity, thereby reducing their carbon footprint.
In order to support a credible statement of clean energy use and delivery, DoE designed a clean energy certification scheme based on the internationally recognized renewable energy certification attribute tracking system developed by the International Renewable Energy Certification Standards Foundation (I-REC standard). The two parties have signed an agreement to designate DoE as an approved local issuer of I-REC in the Emirate of Abu Dhabi.
The four key parties have been identified as key promoters for the implementation of the Abu Dhabi Clean Energy Certificate Program.The U.S. Department of Energy is ‘Issuer’, An entity officially authorized to issue clean energy certificates in the Emirate of Abu Dhabi, and the I-REC standard is responsible for providing a single central registration platform, I-REC registration, To hold and maintain records of the entire life cycle of the ownership and use of the issued clean energy certificate. It records all transactions, verifies claims, and ensures that clean energy certificates are not double-counted.
Emirates Hydropower Corporation (EWEC) Single registrant Used to inject electricity into the grid from a power generation entity licensed by the Ministry of Energy. EWEC will ensure that all power plants that produce clean energy in Abu Dhabi are included in the I-REC register.Companies or consumers who wish to obtain a clean energy certificate can act as Participant, Open an account on the I-REC Registry platform. The certificate is issued by the Ministry of Energy in units of 1 MW/h after receiving a request from a single registrant. Participants can then purchase certificates and assign beneficiaries.
Your Mightiness. Britain. Mohamed Bin Jarsh Al Falasi commented: “With the heightened vigilance against the impact of climate change and the greater commitment of customers and major companies to environmental protection who want their practices to reflect their social responsibilities, the clean energy certificates we provide are timely. And will support the end-user’s sustainable development goals. We are pleased to launch a clean energy certificate regulatory policy to support the overall integrity of the measurement, reporting and certification requirements for the issuance and management of such certificates, while ensuring compliance with international practices and other domestic standards be consistent.”
A clean energy certificate is a voluntary tradable financial instrument used to prove the purchase of a specific amount of electricity generated by clean energy. Once solar or nuclear energy enters the grid, the clean energy certificate can be traded as a credit to claim the environmental and social benefits of low-carbon energy consumption.
EWEC CEO Othman Al Ali said: “EWEC is proud to play a role in supporting DoE’s new strategic plan to achieve the decarbonization of Abu Dhabi’s electricity value chain. The UAE has developed an ambitious climate action plan, EWEC Actively support these programs by leading changes in the energy sector, focusing on sustainability and renewable technologies. EWEC will promote the implementation of the Abu Dhabi Clean Energy Certificate Program by providing I-REC-approved certificates every quarter. About the process More details will be released soon, but in the meantime, interested parties can visit the EWEC website to learn more about how to participate in this exciting project.”
To ensure a non-discriminatory approach to the Clean Energy Certificate Program, anyone can purchase a certificate as a participant and sell it in whole or in part to the end customer. A single registrant can also act as a participant subject to the prior approval of the DoE. This allows anyone, from large companies to environmentally conscious small businesses, regardless of their consumption level, to benefit from the system. Anyone can purchase a certificate that guarantees that the electricity they use does not emit carbon dioxide.
Unlike I-REC systems in other regions, DoE does not charge fees as a local issuer, which will enable customers to benefit from certificates at a very competitive price.
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