European green power trading takes off

Consortium from 15 countries to spread the word on renewables certificates, simulate internet-based market

A consortium of European energy companies, consultants and academic institutions has launched an initiative to spread information about green energy certificate systems and to simulate a trading system. The key focus of the project is to promote interest in and understanding of trading which offers a market-based mechanism to stimulate renewable energy production across Europe as an alternative to "blunt instruments" such as feed-in support.

The European Renewable Electricity Trading Project (RECerT), which is part-funded by the European Commission, will also co-ordinate closely with the industry-led Renewable Energy Certificate System (RECS).

The initiative is managed by a company, Energy for Sustainable Development (ESD) and will involve a series of workshops to which industry, governments and NGOs will be invited as well as establishing a simulated, internet-based international certificate trading system.

While interest in green certificate markets is growing quickly, especially in Denmark (ENDS Daily 4 May 1999), the Netherlands (ENDS Daily 1 February 1999), Belgium, Italy and the UK, there has been very little trade between countries so far. A project manager at ESD said: "There is currently a lack of clarity over EU policy on certificate systems... It's going to be very important to achieve a basic compatibility between national systems if international trading is to work well".

Follow Up:
Energy for Sustainable Development (www.esd.co.uk), tel: +44 1225 816 827; {Renewable Energy Certificate System}.

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