Since the first certificate issued by the National Renewable Energy Certification Center of the Bureau of Standards, Metrology and Inspection, MOEA, the number of issued renewable energy certificates (T-RECs) has exceeded one million up to February of this year, equaling approximately 1.06 billion kWh of green electricity, and approximately 534,000 metric tons of reduced carbon.
According to a press release from Bureau of Standards, Metrology and Inspection, the number of certificate sites has reached 226 so far, more than 1.06 million certificates have been issued, amounting to approximately 1.06 billion kWh of green electricity, and carbon reduction of approximately 534,000 metric tons. Overall certificate transactions has exceeded 910,000, or approximately 910 million kWh green electricity.
Since 2020, when green power transfer transactions were launched, the Bureau of Standards, Metrology and Inspection has facilitated cooperation in cross-disciplinary industries such as energy, electricity sales, electronics, finance, biotechnology, beauty, legal services, and commercial buildings to realize green power transfer and increase the proportion of green electricity used by enterprises. At present, as the concept of environmental, social, and corporate governance (ESG) has become a global focus, renewable energy certificates can help companies prove the benefits of their investment in environmental protection and sustainable value. Certificates can be obtained through direct transfer or self-use as evidence for the use of green electricity by enterprises.
The Bureau of Standards, Metrology and Inspection rolled out the development of the green electricity trading market. In line with the international trend of enterprises purchasing renewable energy, it has launched a variety of green electricity trading solutions such as the "Single Electricity Multi-User Demonstration Project" suitable for small and medium-sized enterprises, so that companies leasing office space can obtain green power. Currently, L'Oréal Taiwan, Yuanta Securities and other companies have successfully completed green power transfer through this demonstration plan. In order to continue to revitalize the market, the Bureau of Standards, Metrology and Inspection has also held a green power and certificate trading matchmaking meeting, inviting companies in search of green power to communicate with the power sales industry to increase the success rate of green power trading matching.
In addition to green power transfer transactions, the transaction volume of self-issued certificates for self-use has also increased year on year and the transaction record has totaled more than 10,000. The business opportunities driven by the needs of companies to pursue environmental benefits have incentivized more and more local government agencies and schools to actively cooperate with governmental green energy policies and apply for the issuance of certificates for renewable energy sites that are self-generated and self-used. There are also electricity sellers who cooperate with social welfare organizations, calling on many companies to respond together, creating new models, building public welfare renewable energy projects, and selling certificates generated by organizations for their own use to companies in need. Not only does this reduce electricity bills, income from the sale of certificates can also create additional resources for social welfare organizations, help to promote energy transition, and support the development of the green energy industry.
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