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Title:
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Tradable green certificates: a new market-based incentive scheme for renewable energy: introduction and analysis
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Author(s):
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Published by:
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Publication date:
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ECN
Policy Studies
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1-3-1999
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ECN report number:
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Document type:
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ECN-I--99-004
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ECN publication
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Number of pages:
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Full text:
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39
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Download PDF
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Abstract:
In the coming decades the trend of liberalising energy markets will haveto be combined with ambitious environmental goals within the European Union
(EU). Currently prevailing incentive schemes for renewable energy might not
be in line with liberalisation of international energy markets. A new policy
scheme that has been developed recently is the system of green certificates.
In such a system producers of green electricity receive a certificate for
each pre-defined unit of electricity produced. These certificates can be
traded at a certificate market and adds to the revenue that the producer can
get for the electricity itself. This report studies the way such a system
could work. Issues are the sources of demand for green certificates, the
functions that have to be performed in a certificate market, supply and
demand conditions to ensure a stable system, the first experiences with such
a system in the Netherlands and the influence of a green certificate market
on the way renewable electricity targets can be distributed over EU Member
State countries. 17 refs.
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