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(India.CityRegions.Com, April 02, 2018 ) Global Renewable Energy Certificates Market 2017
Moreover, in this procedure, a standard energy certificate is provided to evidence the production of an amount of renewable energy produced, thus promoting the further development of new renewable energy. A RECS energy certificate is generated for every 1 megawatt-hour (MWh) of renewable energy produced. In addition, this energy has to be registered with the relevant national issuing body. These certificates are even transferred between countries, and are further utilized to provide evidence of the consumption of renewable energy by a particular country.
Key market players in this sector include Central Electricity Regulatory Commission (CERC), Environment Protection Agency (EPA), Environmental Tracking Network of North America (ETNNA), General Services Administration (GSA), Western Area Power Administration (WAPA), U.S. Environmental Protection Agency (USEPA), and Defense Logistics Agency Energy (DLA Energy).
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This report projects the trends and opportunities of the global renewable energy certificates market. This research study includes a qualitative and quantitative analysis with comprehensive research methodologies and reliable projections to understand the present overview and predict the market behavior during the forecast period.
The market has witnessed significant demand owing to the rise in level of renewable purchase obligation (RPO) target, which provides a target share of renewables in the total electricity produced. This is further driven by the broad policy goals of the nation (emission reduction, energy security, and job creation) as well as the potential for development in a particular country. Moreover, the deployment of RPO targets around the world further boosts the market growth. However, growth in issues related to lack of financial aid for REC dependent renewable energy projects is expected to hinder the market growth.
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This report on global renewable energy certificates market has been developed in order to represent a clear picture of current scenario and act as a reliable business document for the stakeholders of this market by estimating the future until 2023. The report studies all positive and negative factors that are expected to influence the global market for renewable energy certificates, as well as profiles a number of leading operators in the market.
On the basis of source, the global renewable energy certificates market can be segmented into biomass energy, wind energy, solar energy, hydroelectric energy, and geothermal energy. Geographically, the report explores the opportunities available for players in the global renewable energy certificates market in several regions including North America, Asia Pacific, Europe, and the Middle East and Africa.
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