Renewable Energy Certificates Market Current Trends, Demand, Analysis forecast 2025
The Renewable Energy Certificate System (RECS) is a procedure for international trade in renewable energy certificates created by RECS International to promote the development of renewable energy. In addition, this process provides a standard energy certificate to produce a quantity of renewable energy, thereby promoting the further development of new renewable energy.
A REKS energy certificate is generated for every 1 megawatt hour (MWh) of renewable energy produced. In addition, this energy must be registered with the relevant national issuing body. These certificates are even transferred between countries, and are further used to prove the consumption of renewable energy by a particular country.
This report projects the trends and opportunities of the global renewable energy certificate market. This research study contains a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the current overview and predict market behavior during the forecast period.
The market has seen considerable demand as a result of the increase in the level of renewable purchasing obligations (RPO), which provides a target share of renewable energy in the total electricity produced. This is further driven by the broad policy objectives of the nation (emission reduction, energy security and job creation) as well as the potential for development in a particular country. In addition, the deployment of RPO targets around the world further increases market growth. Growth in issues related to the lack of financial assistance to REC-dependent renewable energy projects, however, is expected to hinder market growth.
The global market for renewable energy certificates is traded on end-user and geography. On the basis of end-user it is specified in solar, wind, geothermal, hydropower, biomass and others (biofuel and fuel cells). Geographically, it is analyzed in North America, Europe, Asia Pacific and Lama.
Key market players in this sector include Central Electricity Regulatory Commission (CERC), Environment Protection Agency (EPA), Environmental Tracking Network of North America (ETNNA), General Services Administration (GSA), Western Area Power Administration (WAPA), U.S. Environmental Protection Agency (USEPA), and Defense Logistics Agency Energy (DLA Energy).
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the current trends, estimations, and dynamics through 2017-2023, which assists to identify the prevailing market opportunities.
- Major countries in each region are detailed as per key trends, developments, and presence of industry players in the market.
- Region-wise and country-wise market conditions are comprehensively analyzed in the report.
- Key players of the renewable energy certificates market are also listed.
- This study evaluates the value chain to understand the competitive environment across geographies.
- An in-depth analysis of segmentation is provided to elucidate the prevailing market opportunities.
About Allied Market Research
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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