-
What are Energy Attribute Certificates (EACs)?
Energy Attribute Certificates (EACs) are a broader term encompassing various types of certificates that verify the environmental attributes of renewable electricity generation. It is the only digital instrument that verifies that one megawatt-hour of energy was generated and entered the transmission system from an eligible renewable source. Eligible renewable sources are solar power, hydro power,…
-
What is Additionality?
Additionality is the extra benefit or impact gained from a particular action or investment in environmental conservation or sustainability. In the case of carbon offset projects, additionality is crucial. It ensures that the reduction in greenhouse gas emissions claimed by the project is additional to what would have occurred without that initiative. This means…
-
What are Renewable Energy Certificates (RECs)?
Renewable energy certificates (RECs) are a tradable, market-based instrument representing the environmental attributes of electricity generated from renewable sources. When a renewable energy facility generates electricity from a renewable source, it produces two distinct elements: The physical electricity, which is the actual electrical energy generated by the renewable source. This is the energy that flows…
-
What is Renewable Electricity?
Renewable electricity is electrical energy generated from renewable and sustainable energy sources. These sources naturally replenish and hold a notably lower environmental impact than traditional non-renewable sources such as coal, oil, or natural gas. Resources generating renewable electricity remain virtually inexhaustible and do not deplete over time. Utilizing these resources helps to reduce carbon emissions,…
-
The Biggest Myths About RECs Debunked
Recently, renewable energy certificates ( RECs ) have been highlighted for their place in sustainability. With this newfound spotlight on the topic has come a slew of myths and misconceptions, some of which exist far from the truth. So, what are the most common myths about RECs, and what’s the reality? 1. Misconception: RECs are…
-
RE100 New Technical Criteria
RE100’s updated technical standards are set to kick in come January 1, 2024. These revisions come packed with adjustments: they introduce a strict deadline for commissioning renewable energy plants and redefine the boundaries of Europe’s single market for renewable energy. Additionally, they bolster the sustainability requirements for hydro and biomass energy sources. What should be…
-
Understanding California’s New Climate Disclosure Rules
This article was published on November 16, 2024. Since the published date, California’s governor, Gavin Newsom, signed into law Senate Bill 219 (SB 219), which enacts several amendments to the Climate Corporate Data Accountability Act (SB 253) and the Climate‐Related Financial Risk Act (SB 261), both of which are summarized in this previous Sidley Update.…
-
Singapore’s Carbon Tax: A Step Towards A Greener Future
Singapore has always been at the forefront of innovation and sustainability. In the field of sustainability, the country has already implemented various policies and initiatives to address the challenges of climate change and reduce its GHG emissions. One of the key measures is the Singapore Carbon Tax. In this article, we will explore what the…
-
Qué esperar de la COP28
La COP28 de las Naciones Unidas se llevará a cabo del 1 al 12 de noviembre de 2023 en Dubái, Emiratos Árabes Unidos. Esta 28ª sesión se espera que sea un momento crucial para la acción climática global, ya que los países revisarán su progreso y compromisos bajo el Acuerdo de París, que tiene como…
-
What to expect from COP28?
The United Nations’ COP28 will take place from November 30th to December 12th, 2023, in Dubai, United Arab Emirates. This year’s 28th session of the Conference of the Parties is expected to be a crucial moment for global climate action, as countries will review their progress and commitments under the Paris Agreement, which aims to limit…