Renewable Energies Cooperation Certificates (RECC)


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A REEEP-MEDREP Project in the Mediterranean, Dr. Marianne Osterkorn, REEEP

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Renewable Energies Cooperation Certificates (RECC)

  1. 1. RENEWABLE ENERGIES COOPERATION CERTIFICATES (RECC) A REEEP-MEDREP Project in the Mediterranean Gammarth, Tunisia - 22 October 2007 Marianne Osterkorn REEEP International Director
  2. 2. REEEP – Renewable Energy and Energy Efficiency Partnership 1. REEEP is a global Type II partnership launched by the UK government at the WSSD 2. REEEP currently comprises of more than 224 partners representing 38 governments, 9 central governmental agencies, regional governments and agencies, businesses and NGOs 3. All Partners are committed to accelerating the uptake of renewable energy and energy efficiency 4. REEEP is funded by the EU and 11 governments: Austria, Australia, Canada, Germany, Ireland, Italy, the Netherlands, Norway, Spain, US, and UK, the major donor of REEEP
  3. 3. REEEP currently undertakes 68 projects in 39 countries 5 1 4 17 1 1 2 1 9 1 2 1 3 16 2 2 2 1 1 21 1 2 1 2 2 1 1 1 3 2 1 5 14 1 3 2 2 1 1 13 2
  4. 4. The total REEEP project portfolio is well balanced in terms of thematic and sectoral objectives Energy Efficiency 43% Finance 49% Renewable Energy Policy 57% 51%
  5. 5. The EU implemented a number of directives promoting renewables and energy efficiency
  6. 6. The EU directives aims that by 2010 about 22% (21% at EU25) of the electricity comes from renewable sources Quantified national targets for consumption of electricity from renewable sources of energy National support schemes plus, if necessary, a harmonized support system Simplification of national administrative procedures for authorization Guaranteed access to transmission and distribution of electricity from renewable energy sources
  7. 7. Many countries will have difficulties to reach their targets
  8. 8. A variety of national support schemes blocks the development of a liquid European renewable market
  9. 9. Certificates provide added Value of green Electricity Market for Certificates Environmental Benefit Market for Electricity Certificate MWh Certificate = Guarantee of Origin Electricity Market for green Electricity
  10. 10. Demand must be created through regulatory framework + Feed-in Tariffs Certificate System National Framework Market driven Demand is equal to Quota Demand for Electricity total Production and Certificates market prices for Penalty / fixed Price Electricity and Incentive Certificates high Level of Security high Level of Security Market induced for Investors for Investors Insecurity for Investors Source: Energy Information Administration: International Energy Outlook 2006
  11. 11. Tracking the Life cycles of certificates Certification” of the Plant Measuring of produced Electricity Issuing of Certificates Transfer of Certificates Redemption of Certificates
  12. 12. Certificates can be traded cross border and de-linked from electricity RECS Interntional Electricity Registry Issue Transfer Redemption Issuing Body AUT Electricity Registry Issue Transfer Electricity Redemption Issuing Body Tunesia Registry Issue Transfer Redemption Issuing Body Italy
  13. 13. Certificates could promote renewable production in North Africa and help the EU 25 to achieve their targets 1. Mandatory recognition of RES certificates from the North African region in the EU 25 2. Recognition that certificates can be sold independently from the electricity and to be traded cross border 3. Robust and fraud resistant certificate system which guarantees a transparent tracking of the life cycles of the certificates with a long term legal framework in all involved countries 4. Cross border trade is already happening on a voluntary bases in 20 European countries ( guarantee of origin, disclosure )
  14. 14. Renewable Energy Cooperation Certificates (RECCs) in the Mediterranean Area Promote RES and EE in the Mediterranean area, Red Sea and Middle East region Identify countries in the region that will include TRECS in their national policies Proposal for the EU legislation to interlink the Mediterranean region with European certificate systems Implementation of rules and methodology of this certificate system ( RECCs )
  15. 15. Establishing TREC Trading between Tunisia and Italy Develop institutional framework for national TREC system in Tunisia and establish links to potential TREC buyers in Italy Complete pilot TREC trade project and identify potential projects that will trade TRECs Identify and seek support from stakeholders and RE market players
  16. 16. Marianne Moscoso-Osterkorn REEEP International Secretariat Vienna International Centre Vienna, Austria +43 1 26026 3425