A green certificate market for developing renewable energy technologies - pros et cons.

P.E. Morthorst

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    Abstract

    A tradable green certificate (TGC) system is a recently introduced instrument at the energy and environmental policy scene for supporting the development of new renewable technologies. It has within recent years gained much interest in Europe and elsewhere and a number of countries already have or are in the preparation phase of introducing a TGC-system. But between the EU member
    states opinions differ on the usability of this system, e.g. Germany and France have decided to stick to the well-tried feed-in tariff system for supporting renewable technologies. And although a number of projects have been carried out on the subject, how a TGC-market will function, both on its own and interacting with other policy instruments and markets is still not a trivial matter. This paper tries to survey some of the advantages and disadvantages of the green certificate system.
    Original languageEnglish
    JournalENER Bulletin
    Issue number25
    Pages (from-to)41-47
    Number of pages7
    Publication statusPublished - 2002
    EventENER forum 3: Successfully promoting renewable energy sources in Europe - Budapest, Hungary
    Duration: 6 Jun 20027 Jun 2002

    Conference

    ConferenceENER forum 3
    CountryHungary
    CityBudapest
    Period06/06/200207/06/2002

    Keywords

    • Green certificate market
    • Renewable energy
    • Electricity spot market
    • Greenhouse gas reductions

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