Guarantees of origin certify the production of energy from renewable sources and could serve as an important tool to boost renewables investment and drive the energy transition. The Contracting Parties of the Energy Community, including Georgia, Moldova and Ukraine, are currently lagging behind in the establishment of the electronic system needed to issue and trade guarantees of origin, despite being mandatory under the Renewable Energy Directive.
The ultimate purpose of this paper is to show options for the establishment of an efficient regional renewable energy certification system, allowing guarantees of origin to be issued and then traded among the Contracting Parties. Participation in the regional system will allow for the effective issuance of national guarantees of origin by default, and may constitute the first step towards integration with the European market.
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