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.
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 language | English |
|---|---|
| Journal | ENER Bulletin |
| Issue number | 25 |
| Pages (from-to) | 41-47 |
| Number of pages | 7 |
| Publication status | Published - 2002 |
| Event | ENER forum 3: Successfully promoting renewable energy sources in Europe - Budapest, Hungary Duration: 6 Jun 2002 → 7 Jun 2002 |
Conference
| Conference | ENER forum 3 |
|---|---|
| Country/Territory | Hungary |
| City | Budapest |
| Period | 06/06/2002 → 07/06/2002 |
Keywords
- Green certificate market
- Renewable energy
- Electricity spot market
- Greenhouse gas reductions
