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Global Renewable Energy CertificatesMarket: Overview
Withdepleting natural energy resources, the efforts to develop and utilizerenewable energy has escalated in the recent past, which in turn is augmentingthe demand in the global renewable energy certificates market. Renewable energycertificates are achieved by those who generate electricity from renewablesources including solar, hydro, biomass, and wind, with an agreement to notsell the electricity at higher tariff at will, though they can be sold ininternational market as a tradable commodity. These certificates are essentialfor international trading of renewable energy, which is stimulating theexposure of renewable energy to developing regions. Green certificates, greentags, and tradable renewable certificates are other names often given torenewable energy certificates, with a basic goal to promote a widespread use ofrenewable energy and reduce the dependency on fossil fuel resources as well asdiminish the environmental hazards caused by them. With the upbringing of smartcities in several emerging economies, the demand in the renewableenergy certificates market is expected to increment at a strong CAGRduring the forecast period of 2016 to 2023.
Thisreport on global renewable energy certificates market has been developed inorder to represent a clear picture of current scenario and act as a reliablebusiness document for the stakeholders of this market by estimating the futureuntil 2023. The report studies all positive and negative factors that areexpected to influence the global market for renewable energy certificates, aswell as profiles a number of leading operators in the market.
On thebasis of source, the global renewable energy certificates market can besegmented into biomass energy, wind energy, solar energy, hydroelectric energy,and geothermal energy. Geographically, the report explores the opportunitiesavailable for players in the global renewable energy certificates market inseveral regions including North America, Asia Pacific, Europe, and the MiddleEast and Africa.
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Global Renewable Energy CertificatesMarket: Trends & Opportunities
The risingawareness pertaining to decrease the dependency on natural resources andincreased efforts to save the environment are two of the primary factorsdriving the demand for renewable energy across the world. Rules and regulationshave been laid out to purchase solar energy and a vast network of transmissionwires are being laid out across developed and developing regions. Buyersreceive a separate electricity bill. On the other hand, a lack of profitabilityand ecological benefit has been observed by the current certification method,which is expected to hinder the growth rate of renewable energy certificatesmarket in the near future.
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Global Renewable Energy Certificates Market: Regional Outlook
Owing tovast population base, lack of infrastructure of conventional energy, and rapidindustrialization, Asia and Africa currently pose huge demand for renewableenergy, as these certificate can considerably reduce the cost gap between greenenergy and conventional energy. China, followed by the U.S. and Europeancountries such as the U.K. and Denmark have heavily invested to develop windenergy in the recent past, while renewable energy now serves maximumelectricity supply in Germany. Scotland and Ireland are also focused on similargoals.
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Companies mentioned in the research report
NuPathEnergy, 3 Phases Renewables, Community Energy, Arcadia Power, 3Degrees, CarbonSolutions Group, North American Power, Santee Cooper, EDP Renewables, SkyEnergy, Inc., Mass Energy Consumers Alliance, Bonneville EnvironmentalFoundation, Renewable Choice Energy, REpowerNow, Windcurrent, and GP Renewables& Trading LLC are some of the leading companies currently operational inthe global renewable energy certificates market.
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