Energy Attribute Certificates (EACs) are commonly developed in electricity markets which are embedded within conflict-free areas with safe political and societal structures. That is not to say that conflict regions generally would not benefit from market-oriented financial solutions. Energy Peace Partners (EPP) is a non-profit organization which aims to bring renewable energy markets to regions in the world where a natural development of EAC markets may be less evident due to conflict and related issues.
Energy Peace Partners has now been selected to receive an award for the Creating Hope in Conflict: A Humanitarian Grand Challenge, a partnership of USAID, DFID and Grand Challenges Canada. This is a new initiative, which was established to seek life-saving or life-improving innovations to help the most vulnerable and hardest-to-reach people impacted by humanitarian crises caused by conflict.
EPP will receive initial seed funding to develop the Peace Renewable Energy Credit (PREC), a premium-based EAC product which will be unlocking new renewable energy investment in fragile states in support of peace and development. The proposal of EPP was one of a handful selected from more than 600 applicants. EPP works closely with both RECS International and the International REC Standard to develop these reliable new markets.