As the world shifts towards sustainable practices and combating climate change, there has been a global push towards the use of renewable energy sources for energy generation. Governments around the world have introduced regulations to ensure industries comply with renewable energy generation and consumption targets.
However, in some areas, market factors may not support investment in a renewable energy project or the signing of a power purchase agreement (PPA) for renewable energy. On the other hand, in some areas, policies favor such investments, leading to surplus renewable energy generation. This arbitrary opportunity creates a market for the trading of the green/renewable attribute of electricity.
Many organizations face various challenges in this offsetting process, including a lack of awareness of the existence of such a market mechanism, insufficient knowledge on the different certification standards, keeping themselves updated with the recent changes to the regulations, and finding a market for buying or selling the certificates (I-RECs).
DeCarbonic provides an end-to-end solution for the management of Renewable Energy Certificates (RECs) from eligible renewable energy projects, helping organizations navigate the challenges and complexities of the renewable energy attribute market. Our IREC Advisory Services provide expert guidance on the certification standards and regulations to ensure your organization meets its renewable energy targets while creating a positive impact on the environment.