Over the years the Guarantee of Origin (GO) system has increasingly proven its worth in the transition to a renewable economy. There is no alternative when it comes to reliably allocating renewable energy sources from producers to individual consumers in Europe. The significance of a robust attribute tracking system in order to establish a prosperous renewables market has been recognized by European policy makers, international stakeholders and the producers and consumers it is intended for. The market continues to grow every year and the international support and comprehension of the system is likewise growing.

The Green Economy Market Infrastructure company Grexel has created the fourth edition of the “Development of the Guarantees of Origin Market” report, on request of RECS International.

Recs International welcomes three new members: GGNE, Optiment and SCB Group.

The International REC Standard board is organizing an Advisory Group meeting in order to improve the quality of the I-REC Standard through the input by stakeholders and market players. The I-REC Standard is a non-profit organization which provides a robust energy attribute tracking system in markets globally where no system currently exists.

On June 9th 2017, the Swedish Energy Agency (Energimyndigheten) was accepted as a new member of the Association of Issuing Bodies (AIB). EECS certificates for production devices in Sweden are now being issued by the certificate registry CESAR, which is operated by the Agency. Guarantees of origin can be issued either in a national version, which is only transferrable within Sweden, or in an EECS version for transfer anywhere in Europe. Both types can be issued for any type of electricity production, be it renewable, fossil or nuclear. 148 million GOs were issued in Sweden during last year, of which 31 million were EECS certificates.

Center for Resource Solutions is hosting a webinar regarding the Green-e Framework for Renewable Energy Certification. This new global energy certification framework establishes the baseline criteria for new regional and country-specific Green-e standards throughout the world.

On the 29th of June 2017 RECS International in conjunction with DLA Piper held a webinar on the developments of MiFID II and the implications for GO trade.

The Association of Issuing Bodies (AIB) is evaluating the user friendliness and functionality of their website and has opened a survey for market parties and stakeholders to provide their comments. The AIB is requesting feedback by Thursday 20 July 12:00. The survey can be found here here.

Philip Lighting is taking large steps towards sourcing entirely renewable electricity for its global operations in order to meet their 100% renewables target by 2020. Philips, a leader in energy efficient lighting, will source renewable electricity from Mohammed bin Rashid Al Maktoum Solar Park in Dubai, using the International REC Standard.