Clean Energy Certificates (CECs) Q2 auction has been started by Emirates Water and Electricity Company (EWEC), which is set to be conducted in Abu Dhabi. The registration is now open and the auction will be closing on 14th June, 2023.
EWEC is the registrant and auction operator and is responsible for implementing the CECs scheme. It will offer a viable tool for Abu Dhabi organisations to reveal their commitment to a sustainable future and demonstrate appropriate steps taken to reduce carbon emissions in alignment with the UAE Net Zero by 2050 strategic initiative.
CECs will allow organisations to track and verify their clean energy consumption, enabling them to decarbonise their operations.
Francois Brice, Fuel and Commercial Executive Director at EWEC,said, “Companies must take deliberate and tangible measures to support the UAE’s environmental and sustainability agenda as the country prepares to host COP28 later this year.”
CECs allow digital certificates that verify consumed electricity originates from clean energy sources such as solar or nuclear. The certificates are issued by Department of Energy (DoE) in units of 1 MWh, and these certificates are currently the only accredited instruments in Abu Dhabi that prove ownership of the environmental and economic benefits of clean energy consumption. CECs comply with the International REC Standard (I-REC), that provides participating companies with a competitive edge as they get certified for their sustainability efforts worldwide.