Energy Attribute Certificates (EAC)
Energy Attribute Certificates (EACs) offer a means of formal documentation and tracking for the production, distribution, and consumption of renewable energy. They are also known as Green Energy Certificates, or International Renewable Energy Certificates (IRECs).
The International Renewable Energy Agency (IRENA), recommends that local governments may "support an effective system for issuing and tracking of energy attribute certificates, enabling companies to make credible renewable electricity use claims. An energy attribute scheme is crucial to support renewable electricity sourcing whether through PPAs, utility purchases, unbundled certificates, or direct investment in self-generation."
EnergyLab is working to develop stakeholder understanding related to EACs. In particular, regarding the benefits of accounting for electricity consumption from renewable sources.
The International Renewable Energy Agency (IRENA), recommends that local governments may "support an effective system for issuing and tracking of energy attribute certificates, enabling companies to make credible renewable electricity use claims. An energy attribute scheme is crucial to support renewable electricity sourcing whether through PPAs, utility purchases, unbundled certificates, or direct investment in self-generation."
EnergyLab is working to develop stakeholder understanding related to EACs. In particular, regarding the benefits of accounting for electricity consumption from renewable sources.
To this end we have organised a full workshop on EACs, targeting representatives from the Private Sector. This event was in partnership with Sustain, Electricity Generation Authority of Thailand (EGAT), and private sector representatives from Carbon Monsoon and GreenYellow.
We have also conducted an introduction to IRECs, in partnership with the IREC foundation (the presentation can be downloaded here) and held a session inviting several stakeholders from the region to present the work they lead on the subject.
We seek to build on previous work supported by the UNDP and development partner organisations, and to develop a conducive EAC policy framework and system. This will be in collaboration with the Ministry of Mines and Energy (MME), Electricité du Cambodge (EDC), and leading business organisations in the garment sector, automotive and other key industries,
We have also conducted an introduction to IRECs, in partnership with the IREC foundation (the presentation can be downloaded here) and held a session inviting several stakeholders from the region to present the work they lead on the subject.
We seek to build on previous work supported by the UNDP and development partner organisations, and to develop a conducive EAC policy framework and system. This will be in collaboration with the Ministry of Mines and Energy (MME), Electricité du Cambodge (EDC), and leading business organisations in the garment sector, automotive and other key industries,
To avoid major "greenwashing" risks, the implementation of EACs needs to promote renewable energy sources that are sustainable and that meet international sustainability requirements standards, in consultation with the private sector and development partners.
(A critical report presenting some of the risks was published by Carbon Pulse in 2022)
(A critical report presenting some of the risks was published by Carbon Pulse in 2022)