The Abu Dhabi Department of Energy (DoE) has implemented a regulatory policy for the Clean Energy Certificate, which is an EAC mechanism that adheres to the rules and principles of the International Attribute Tracking Standard, a global standard for attribute tracking held by the International REC Standard Foundation (I-REC Standard).
The certificates that convey the ownership of all attributes of one MWh of electricity are issued by the DoE itself, as indicated in a previous news item, and the ownership of the certificates is registered in the I-REC registry held by Evident Services. The Emirates Water and Electricity Company (EWEC) will act as the single registrant in the Emirate and consumers and traders that are registered I-REC participants can trade the certificates in the I-REC registry as they are able for I-RECs issued in other regions of the world. However, the Regulatory Policy for Clean Energy Certificates mandates that all certificates issued in the Emirate of Abu Dhabi must be used for consumption that took place within the Emirate.
The I-REC Standard is pleased to see the rules and principles for the implementation of the mechanism in policy and is looking forward to continuing the cooperation with the DoE to further support the use of the Clean Energy Certificates in the region.
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