Connecting the Dots: Common Questions about Energy Attribute Certificates

Author: Drew Crowder connects some of the largest organizations to energy attribute certificates and carbon offsets.

This is the second blog in our “Connect the Dots” series, intended to provide insight into how clean energy solutions connect companies to a variety of business advantages. To read the first installment on corporate power purchase agreements, click here. In today’s installment, we will answer the most common questions about energy attribute certificates (EACs) and how corporations can use them. Stay tuned for next month’s blog highlighting the evolving opportunity in international renewable energy markets. 

 

What is are energy attribute certificates?

An Energy Attribute Certificate (EAC) is a free market instrument that verifies 1 megawatt hour of renewable electricity was generated and added to the grid from a green power source.  EACs are the leading way that global companies acquire, track, and trade renewable energy.  When bundled with purchased electricity, EACs enable buyers to make renewable electricity utilization and marketing claims.

Where are EAC markets?

Energy Attribute Certificates exist in global markets.  They are known as RECs in North America, GOs in the EU, and I-RECs or TIGRs in developing international markets.  With recent updates to the Greenhouse Gas Protocol’s Scope 2 Guidance, multinational organizations are now sourcing renewable electricity products in markets matching their operational locations across the world.

Who buys EACs?

The world’s largest global organizations purchase EACs.  As most businesses are unable to source renewable energy directly, they rely on EACs to reduce their Scope 2 emissions, claim environmental attributes of renewable electricity, and meet their sustainability commitments and goals.

How can Renewable Choice connect you to EACs?

Our tenured team has more experience selling credible domestic and international EACs than anyone else in the industry.  All of the EACs we sell are third-party verified by Green-e® Energy, EcoLogo™, or Gold Power®.  We’ve completed transactions in more than 30 countries, and we provide unique sourcing solutions to meet clients’ specific goals.

For more information on how some of the largest companies in the world meet global sustainability goals using EACs, click here. 

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