Tradable certificate schemes to encourage renewable energy and energy efficiency increase overall costs under the EU's industrial carbon trading scheme, but are still, beneficial overall, a new report says. The finding comes in an analysis for the European commission by consultants Nera.
Green certificates linked to supply obligations are used by several countries to support renewables. Less used white certificates are designed to do the same for energy efficiency. Europe's electricity industry wants green certificates to become the European standard mechanism for supporting renewables, an option that the commission has not ruled out (EED 07/12/05).
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