The Russian Voluntary Standard and Registry for the Issuance and Circulation of Green Electricity Certificates – Carbon Zero
The global shift to renewable energy is essential in the fight against climate change, but the tools for verifying and promoting green power consumption vary widely from region to region. Energy Attribute Certificates (EACs) have become the most popular method of purchasing and verifying green power globally, with systems such as RECs in the US, GOs in the EU, and GECs in China. However, for the past 2 years there has been a significant gap in Russia, leaving companies without a reliable means to certify their green energy use. In response, Carbon Zero LLC launched the Russian Voluntary Registry for Green Electricity Certificates in 2022. This system enables electricity consumers to contribute to the global reduction of greenhouse gas emissions by supporting low-carbon energy generation. The Carbon Zero Green Electricity Certificate Issuance and Circulation Standard, recognized by the National ESG Alliance in Russia and presented at the global UN conference COP28 in Dubai, is an important step in aligning Russia's renewable energy efforts with global standards.
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After deciding to participate, generators must enter into an agreement with Carbon Zero LLC. They must provide the necessary documentation to prove that they meet the requirements of the Carbon Zero Standard. This includes proving that their power plant uses only renewable energy sources, delivers electricity to the grid, and is equipped with the appropriate electricity meters. It typically takes only 2-3 weeks, including the compliance verification process. Electricity consumers, on the other hand, can begin purchasing and redeeming these certificates almost immediately after the power plant is registered.
The certificate system is being implemented across Russia. However. Carbon Zero LLC is open to expanding the system to include global power generation companies, allowing BRICS+ countries.
Carbon Zero Green Electricity Certificates stand out in the market for their affordability, transparency, and compliance with national and international standards. Our fees are lower than those of our competitors, making them more accessible. This cost-effectiveness, combined with the system's ease of use, ensures that companies can easily acquire and manage certificates, which are issued when electricity is generated and uniquely identified for traceability. Reliability and transparency are at the core of our system. Every transaction involving a certificate is recorded in a dedicated registry, ensuring full control and visibility. This level of oversight gives users the confidence that their renewable energy investments are being securely tracked. In addition, Carbon Zero LLC is currently negotiating an information exchange agreement with the Russian power market regulator to fully comply with new national regulations, effectively preventing double counting and maintaining the integrity of green power certification. Globally, the Carbon Zero standard meets the rigorous requirements of the GHG Protocol and the RE100 Association, ensuring that our certificates are recognized and respected around the world. Carbon Zero certificates have been used by companies in Russia, France, Germany, Spain, Mexico and Korea. Beyond compliance, our certificates support the transition to low-carbon production by facilitating the financing of new renewable energy projects. This not only accelerates the deployment of clean energy, but also attracts green investors and positions companies to reap the long-term economic benefits of a sustainable energy ecosystem.
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