News

Guarantees of Origin (GOs) in the fit for 55 | FlexiDAO

Author

GIACOMO BRAVACCINI

Giacomo has an academic background in civil and environmental engineering (MSc) and is always at the forefront when it comes to environmental initiatives and clean energy. Giacomo blends his technical knowledge with a strong passion for marketing which he developed during his professional career.
Share
Published
August 22, 2022
Newsletter
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

RECS INTERNATIONAL recently released a RED3 advocacy briefing, mostly for legislators called "Guarantees of origin in the Fit for 55 package, accelerating the energy transition by growing consumer demand for renewable energy".

Since Guarantees of Origin (GOs) allow for consumers and investors to distinguish between electricity generated from renewables and other sources like fossil fuels, GO-trading is considered as an essential tool for supporting market integration of renewables. The Guarantee itself does not include any information about where the Guarantor’s electricity comes from; this information is provided by Guarantors’ reporting on Guarantees issued.

Recently the European Commission requested an update to the Renewable Energy Directive (RED-3), where it suggests that the European parliament and council should:

  • Strengthen requirements for full disclosure schemes in all EU member states.
  • Retain the provision that any guarantees of origin linked with the production of clean energy may be transferred to the buyer of that electricity under a renewable power purchase agreement.
  • All renewable energy generators, whether or not they are connected to a support scheme, must continue to be required to issue GOs.

Read and download the full document here.

Stay updated on the latest news by subscribing to our monthly newsletter.

News

See more in FlexiDAO news

May 18, 2023

FlexiDAO partners up with IA4TES by Iberdrola

January 19, 2023

FlexiDAO launches landmark 24/7 Carbon-free Energy Academy

FlexiDAO wants to help businesses truly understand consumed electricity's origin and carbon footprint.

November 29, 2022

Paul Breslow joins FlexiDAO as new VP of North America

Paul Breslow has joined FlexiDAO as Vice President of North America, growing and leading our activities in the US and Canada.

The 24/7 traceability forerunner, trusted by

Iron Mountain logo