AFS Energy’s Post

🌍 Exploring the Real-World Impact of Energy Attribute Certificates (EACs) As the global shift towards renewable energy intensifies, Energy Attribute Certificates (EACs) have become essential tools for organizations committed to sustainability. EACs enable companies to credibly verify and document their renewable energy consumption, playing a pivotal role in reducing carbon emissions and meeting net-zero goals. From Guarantees of Origin (GoOs) in Europe to Renewable Energy Certificates (RECs) in North America, these certificates provide transparency and accountability in tracking renewable energy use. The growing demand for EACs reflects their importance in corporate sustainability strategies, driven by advancements in technology and robust regulatory frameworks like the EU's Renewable Energy Directive II (RED II). EACs not only support environmental goals but also enhance corporate reputation, offer economic stability, and help organizations navigate complex regulatory landscapes. As we continue to push for a low-carbon future, EACs will remain crucial in aligning energy practices with sustainability commitments. Read the full article here: https://bit.ly/4e2kylu Contact AFS Energy for more information. #AFSEnergy #Sustainability #RenewableEnergy #EACs #EnergyTransition #AFSEnergy

Is your business ready to source SBTi-compliant renewable energy?    For companies in the UK and Ireland, Energy Attribute Certificates (EACs) are essential tools to achieve Science Based Targets initiative (SBTi) commitments - like reaching 80% renewable electricity by 2025 and 100% by 2030. But not all EACs are equal, and choosing the right strategy can make or break your sustainability goals. From spot and forward procurement to long-term contracts, we guide you through the renewable energy market to ensure compliance, cost-effectiveness, and progress toward your net zero goals with ACT. Ready to optimize your EAC sourcing strategy? Learn more here: https://lnkd.in/eypnq9Qa #ACTonit #SBTi #EACs #RenewableEnergy #Sustainability t #UKEnergy #IrelandEnergy #CorporateResponsibility #ClimateAction 

In the ongoing discourse about the imperative shift to renewable energy, let's delve into two additional pivotal measures and their potential implications: Promote Fairness in Renewable Energy Technologies: Revise national policies to expedite the implementation of renewable energy projects and attract private sector investments. Establish renewable energy targets in line with the 1.5°C goal as outlined in countries' climate action plans. Redirecting Energy Subsidies from Fossil Fuels to Renewable Energy: Funnelling the substantial fossil fuel subsidies, totalling $5.9 trillion in 2020, towards renewable energy initiatives. Enhancing efficiency, equity, and sustainability, thereby fostering economic growth, job creation, and public health. Tripling Investments in Renewables: Committing to a minimum annual investment of $4 trillion in renewable energy until 2030. Aligning the investment portfolios of global financial systems with the goals of the renewable energy transition. Collectively pursuing these strategies charts a course toward genuine energy security, steadfast power prices, and opportunities for sustainable employment. This underscores the pivotal role of renewables as the cornerstone for a resilient and environmentally friendly energy future #renewableenergy #answerthepollinpreviouspost #IBV

Are you leveraging the benefits of the Microgeneration Certification Scheme (MCS) for your renewable energy business? MCS is a nationally recognised quality assurance scheme endorsed by the UK Government that certifies renewable energy installations and their installers.  It supports adherence to high standards in installation practices and enhances consumer trust by demonstrating the quality and reliability of your services.  Being MCS certified means your business can access valuable government incentives like the Smart Export Guarantee (SEG) and Renewable Heat Incentive (RHI), making your renewable solutions more attractive to customers.  This certification is also a robust marketing tool that will set you apart in a competitive market and affirm your commitment to quality and sustainability. 🔗 Read our article: see the link in the comments below 👇 #RenewableEnergy #MCSCertification #Sustainability

Another reason to switch to Renewable Energy Carbon Credit Trading Scheme (CCTS) was notified in mid-2023. After more than a year, Bureau of Energy Efficiency (ऊर्जा दक्षता ब्यूरो) released the Detailed Procedure for the Compliance Mechanism under CCTS. Under this compliance mechanism, obligated entities are required to meet greenhouse gas (GHG) emission intensity targets to be set by government. A key provision is that obligated entities using #RenewableEnergy whether through generation or procurement through power purchase agreements (PPAs) are considered to have ZERO GHG emissions. Thus, beyond the environmental benefits of reducing emissions, shifting to renewable energy offers a strategic advantage in complying with the carbon market compliance mechanism. This can be a new growth driver for RE in the coming years. #EnergyTransition #Sustainability

Is electrification the key to achieving global energy goals? To meet the 1.5 degrees Celsius reduction goals of 2030 and 2050, significant changes will need to be made to sustainably supply predicted global energy consumption. A report from International Renewable Energy Agency (IRENA) considers the role of electrification as an effective solution. The opportunities of electrification include reduced cost savings for energy systems and increased flexibility. Systemic innovation also has the potential to leverage innovations simultaneously across multiple systems, including market design, system planning and operation, and business models. Heating and cooling accounts for about half of global final energy consumption. Smart electrification strategies have the potential to notably reduce dependence on fossil fuels, reducing costs and environmental impacts. The journey towards decarbonisation is complex and requires innovative solutions. MRC remains committed to exploring and advising our clients on electrification and other emerging technologies and the best approaches to achieving their strategic goals. 🌎 Find out more about MRC projects: https://lnkd.in/dU3yxiCM 📑 Read the report from International Renewable Energy Agency (IRENA): https://lnkd.in/dd5JdzKe #Consulting #Decarbonisation #Electrification #ElectricVehicles #Energy #Innovation #SustainableEnergy

World Kinect's trusted EAC project portfolio goes above and beyond! Connect directly to the renewable energy sources of your choice, thanks to our award-winning platform, Track My Electricity. Track My Electricity helps corporate energy consumers source certificates reliably and transparently from power plants of their choice. For every MWh of renewable energy sourced through the platform, a portion goes towards funding renewable energy projects in remote, off-grid areas to eliminate energy poverty and build sustainable communities. Businesses can not only reduce their organizational footprint significantly, but also demonstrate direct impact in support and acceleration of renewable energy growth. Track My Electricity was cited in GHG Protocol’s Scope 2 guidance as one of the best practice examples of green energy concepts that help companies go one step further and directly contribute to the growth of new low-carbon energy projects. #trackmyelectricity #carbonreduction #sustainability #renewableelectricity #EACs #GOs #RECs #IRECS #REGOs #GECs #LGCs https://lnkd.in/emVSb74q https://lnkd.in/ejxmNhEG

Renewable energy sources like solar and wind are projected to supply nearly half of the world's electricity by 2050. This shift is crucial for reducing greenhouse gas emissions and combating climate change, making sustainable energy more accessible and reliable. Innovations in renewable energy technology are driving this transformation, ensuring a greener future for all. Advances in solar panels and wind turbines, along with energy storage solutions, are making renewable energy more efficient and cost-effective. The transition to renewable energy is not just an environmental imperative but also an economic opportunity, creating jobs and stimulating investment in green technologies. Governments and industries worldwide are increasingly committing to renewable energy goals, reflecting a global movement towards sustainability. Countries like Germany and Denmark are leading the way with ambitious renewable energy targets and investments. Meanwhile, companies are also playing a crucial role by adopting renewable energy in their operations and developing innovative solutions. Staying informed about these advancements helps us understand the potential and progress of renewable energy in reshaping our energy landscape. 🌍💡 #RenewableEnergy #Sustainability #ClimateChange #FutureTech #GreenEnergy Credit: International Energy Agency

📢 EU action needed: Recognise EV battery manufacturer’s PPAs! RE-Source Platform, alongside corporate renewable energy buyers, producers, and energy transition leaders, is calling for urgent action from the EU! 🚗 🔋 The Draft Delegated Act on the EV battery carbon footprint methodology risks hampering Europe's growing power purchase agreement (PPA) market – a key decarbonisation tool for corporates. We call the European Commission and Member States to: ✅ Recognise PPAs in the EV battery carbon footprint methodology. ✅ Continue incentivising EV battery supply chain to decarbonise their electricity supply by combining PPAs and Guarantees of Origin (GOs). ✅ Don’t create parallel carbon accounting methodologies and risk double-counting. Read the full joint letter and join us in urging the EU to act! [link in the comments]   #PPAs4EVbatteries #SupportPPAs #Sustainability #EU #EVBatteries Cefic EnergyTag Eurelectric Global Renewables Alliance The International Tracking Standard Foundation: Founder of I-REC RECS Energy Certificate Association smartEn Smart Energy Europe SolarPower Europe WindEurope

The #re100 is transforming the landscape of corporate renewable energy procurement. With changes to the RE100 criteria taking effect in 2024, understanding these updates is crucial for energy producers and consumers alike. The new rules will tighten what counts as credible sourcing via Energy Attribute Certificates, aiming to increase the renewable energy on the grid. Notably, powerplants must be younger than 15 years to be counted by the RE100, with certain exemptions and clauses in place. https://lnkd.in/d7s5hzuf? HP CDP, Climate Group, The International Tracking Standard Foundation: Founder of I-REC, RECS Energy Certificate Association, EKOenergy ecolabel, Energy Peace Partners #economy #future #innovation #sustainability #renewableenergy #energy #becourageous