Green Certificates
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Green Certificates
A green certificate are a tradable commodity proving that certain electricity is generated using renewable energy sources. Typically one certificate represents the generation of one Megawatthour of electricity. What is defined as "renewable" varies from certificate trading scheme to trading scheme. Usually, at least the following sources are considered as renewable: * Wind (often further divided into onshore and offshore) * Solar (often further divided into photovoltaic and thermal) * Wave (often further divided into onshore and offshore) and tidal (often further divided into onshore and offshore) * Geothermal * Hydro (often further divided into small – microhydro – and large) * Biomass (mainly biofuels, often further divided by actual fuel used). Green certificates represent the environmental value of renewable energy generated. The certificates can be traded separately from the energy produced. Several countries use green certificates as a means to make the support of gr ...
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Wind Power
Wind power or wind energy is mostly the use of wind turbines to electricity generation, generate electricity. Wind power is a popular, sustainable energy, sustainable, renewable energy source that has a much smaller Environmental impact of wind power, impact on the environment than burning fossil fuels. Historically, wind power has been used in sails, windmills and windpumps but today it is mostly used to generate electricity. Wind farms consist of many individual wind turbines, which are connected to the electric power transmission Electrical grid, network. New Onshore wind farm, onshore (on-land) wind farms are cheaper than new Coal-fired power station, coal or Gas-fired power plant, gas plants, but expansion of wind power is being hindered by fossil fuel subsidies. Onshore wind farms have a greater visual #Impact on environment and landscape, impact on the landscape than some other power stations. Small onshore wind farms can feed some energy into the grid or provide power t ...
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Energy Economics
Energy economics is a broad scientific subject area which includes topics related to supply and use of energy in societies. Considering the cost of energy services and associated value gives economic meaning to the efficiency at which energy can be produced. Energy services can be defined as functions that generate and provide energy to the “desired end services or states”. The efficiency of energy services is dependent on the engineered technology used to produce and supply energy. The goal is to minimise energy input required (e.g. kWh, mJ, see Units of Energy) to produce the energy service, such as lighting ( lumens), heating (temperature) and fuel (natural gas). The main sectors considered in energy economics are transportation and building, although it is relevant to a broad scale of human activities, including households and businesses at a microeconomic level and resource management and environmental impacts at a macroeconomic level. Due to diversity of issues a ...
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Renewable Energy Certification
A renewable resource, also known as a flow resource, is a natural resource which will replenish to replace the portion depleted by usage and consumption, either through natural reproduction or other recurring processes in a finite amount of time in a human time scale. When the recovery rate of resources is unlikely to ever exceed a human time scale, these are called perpetual resources. Renewable resources are a part of Earth's natural environment and the largest components of its ecosphere. A positive life-cycle assessment is a key indicator of a resource's sustainability. Definitions of renewable resources may also include agricultural production, as in agricultural products and to an extent water resources.What are “Renewable Resources”?
by A. John Armstrong, Esq. & Dr. Jan ...
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Environmental Economics
Environmental economics is a sub-field of economics concerned with environmental issues. It has become a widely studied subject due to growing environmental concerns in the twenty-first century. Environmental economics "undertakes theoretical or empirical studies of the economic effects of national or local environmental policies around the world. ... Particular issues include the costs and benefits of alternative environmental policies to deal with air pollution, water quality, toxic substances, solid waste, and global warming." Environmental economics is distinguished from ecological economics in that ecological economics emphasizes the economy as a subsystem of the ecosystem with its focus upon preserving natural capital. One survey of German economists found that ecological and environmental economics are different schools of economic thought, with ecological economists emphasizing "strong" sustainability and rejecting the proposition that human-made ("physical") capital ...
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EERE
The Office of Energy Efficiency and Renewable Energy (EERE) is an office within the United States Department of Energy. Formed from other energy agencies after the 1973 energy crisis, EERE is led by the Assistant Secretary of Energy Efficiency and Renewable Energy (Assistant Secretary), who is appointed by the President of the United States and confirmed by the U.S. Senate. Kelly Speakes-Backman was appointed Acting Assistant Secretary in January 2021. Mission EERE’s mission is to drive the research, development, demonstration, and deployment of innovative technologies, systems, and practices that will (1) help transition Americans to a 100% clean energy economy no later than 2050 and (2) ensure the clean energy economy benefits all Americans. History EERE has been established from several previous agencies within the United States Executive branch following the 1973 energy crisis. It has foundations in the former agencies Federal Energy Administration, the Energy Research ...
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Guarantee Of Origin
A Guarantee of Origin (GO or GoO) is an energy certificate defined in article 15 of the European Directive 2009/28/EC. A GO labels electricity from renewable sources to provide information to electricity customers on the source of their energy. Guarantees of origin are the only precisely defined instruments evidencing the origin of electricity generated from renewable energy sources. Certificate In operation, a GO is a green label or tracker that guarantees that one MWh of electricity has been produced from renewable energy sources. Guarantees of origin are traded. When a company buys guarantees of origin, as documentation for the electricity delivered or consumed, the guarantees of origin are cancelled in the electronic certificate registry. This single standardized instrument makes it possible to track ownership, verify claims and ensure that guarantees of origin are only sold once and that there is no double counting. In their most accomplished form, guarantees of origin are ...
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Green Tags
Renewable Energy Certificates (RECs), also known as Green tags, Renewable Energy Credits, Renewable Electricity Certificates, or Tradable Renewable Certificates (TRCs), are tradable, non-tangible energy certificates in the United States that represent proof that 1 megawatt-hour (MWh) of electricity was generated from an eligible renewable energy resource (renewable electricity) and was fed into the shared system of power lines which transport energy. Solar renewable energy certificates (SRECs) are RECs that are specifically generated by solar energy. Background There are two main markets for renewable energy certificates in the United States – compliance markets and voluntary markets. Compliance markets are created by a policy that exists in 29 U.S. states, the District of Columbia, and Puerto Rico, called Renewable Portfolio Standard. In these states, the electric companies are required to supply a certain percent of their electricity from renewable generators by a specified ...
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Green Energy
Energy is sustainable if it "meets the needs of the present without compromising the ability of future generations to meet their own needs". Most definitions of sustainable energy include considerations of environmental aspects such as greenhouse gas emissions and social and economic aspects such as energy poverty. Renewable energy sources such as wind, hydroelectric power, solar, and geothermal energy are generally far more sustainable than fossil fuel sources. However, some renewable energy projects, such as the clearing of forests to produce biofuels, can cause severe environmental damage. The role of non-renewable energy sources in sustainable energy has been controversial. Nuclear power is a low-carbon source whose historic mortality rates are comparable to wind and solar, but its sustainability has been debated because of concerns about radioactive waste, nuclear proliferation, and accidents. Switching from coal to natural gas has environmental benefits, including a lower ...
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Feed-in Tariff
A feed-in tariff (FIT, FiT, standard offer contract,Couture, T., Cory, K., Kreycik, C., Williams, E., (2010)Policymaker's Guide to Feed-in Tariff Policy Design National Renewable Energy Laboratory, U.S. Dept. of Energy advanced renewable tariff, or renewable energy payments) is a policy mechanism designed to accelerate investment in renewable energy technologies by offering long-term contracts to renewable energy producers. This means promising renewable energy producers an above-market price and providing price certainty and long-term contracts that help finance renewable energy investments. Typically, FITs award different prices to different sources of renewable energy in order to encourage development of one technology over another. For example, technologies such as wind power and solar PV are awarded a higher price per kWh than tidal power. FITs often include a "degression": a gradual decrease of the price or tariff in order to follow and encourage technological cost reductions ...
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Emissions Trading
Emissions trading is a market-based approach to controlling pollution by providing economic incentives for reducing the emissions of pollutants. The concept is also known as cap and trade (CAT) or emissions trading scheme (ETS). Carbon emission trading for and other greenhouse gases has been introduced in China, the European Union and other countries as a key tool for climate change mitigation. Other schemes include sulfur dioxide and other pollutants. In an emissions trading scheme, a central authority or governmental body allocates or sells a limited number (a "cap") of permits that allow a discharge of a specific quantity of a specific pollutant over a set time period. Polluters are required to hold permits in amount equal to their emissions. Polluters that want to increase their emissions must buy permits from others willing to sell them. Emissions trading is a type of flexible environmental regulation that allows organizations and markets to decide how best to meet policy t ...
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Energy Accounting
Energy accounting is a system used to measure, analyze and report the energy consumption of different activities on a regular basis. This is done to improve energy efficiency, and to monitor the environment impact of energy consumption. Energy management Energy accounting is a system used in energy management systems to measure and analyze energy consumption to improve energy efficiency within an organization. Organisations such as Intel corporation use these systems to track energy usage. Various energy transformations are possible. An energy balance can be used to track energy through a system. This becomes a useful tool for determining resource use and environmental impacts. How much energy is needed at each point in a system is measured, as well as the form of that energy. An accounting system keeps track of energy in, energy out, and non-useful energy versus work done, and transformations within a system. Sometimes, non-useful work is what is often responsible for environm ...
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EKOenergy
EKOenergy is an ecolabel for electricity. It is a not-for-profit initiative of the EKOenergy Network, a group of more than 40 environmental organizations from 30 countries. EKOenergy started in 2013 in Europe. Its secretariat is based in Helsinki. Nowadays, EKOenergy is the only international ecolabel for renewable electricity. It is available all over Europe and its material is available in more than 30 languages. Governance Every member organization (all not-for-profit organisations) appoints one person to the EKOenergy Board, the Network’s highest governing authority. The Board takes decisions in consultation with the Advisory Group, which consist of experts from different stakeholder groups, including electricity industry, consumers and environmentalists, among others. Label Other language version of the label can be found in various countries. E.g. EKOénergie in France, EKOenergie in Germany or EKOenergia in Finland. Criteria of the ecolabel Only electricity from ...
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