A Nordic broker has launched a new product aiming to ensure that renewable energy certificates known as Guarantees of Origin actually lead to additional clean power
Corporate renewable energy demand is rising, but the effectiveness of buying Guarantees of Origin (GOs), arguably the simplest way for businesses to support renewable energy production, is often questioned. Naysayers claim there is no way to prove these renewable energy certificates support the development of additional clean power. A product designed to combine GOs with the financing of new projects may be about to change this.
Any financial product used by large commercial corporate companies to prove they are “doing good” is bound to receive some criticism. Everything from green bonds to corporate power purchase agreements (PPAs) have been brushed off at some point by observers as marketing ploys with little actual impact. Guarantees of Origin (GOs), Europe’s market-based and tradable renewable energy certificates, have long received such criticism, but a Nordic broker is working to change this. ...
Try FORESIGHT - 30 days for €29
Accelerating the energy transition will be good news for jobs, the economy and climate, says a major report published in September 2018
Voluntary agreements, instead of, or in conjunction with, regulation, are becoming the norm in many parts of the world to reduce wasted energy in various consumer sectors
Heavy industries are slowly starting to wake up to the reality of the energy transition, but full decarbonisation of the steel, cement and petrochemicals sectors is a significant challenge that will require new processes and significant amounts of clean energy
Mitigation of climate risk is moving to the top of the agenda for senior management and company boards
Over stimulation of biomass-fired combined heat and power and insufficient control of the sustainability of the raw material is leading Denmark in the wrong direction on clean energy, warns the country’s council on climate change