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1634252

全球再生能源證書市場 - 2025 - 2032

Global Renewable Energy Certificate Market - 2025 - 2032

出版日期: 2025年01月13日 | 出版商:

DataM Intelligence | 英文 176 Pages | 商品交期: 最快1-2個工作天內

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簡介目錄

概述

2024年全球再生能源證書市場規模達141.2億美元，預計2032年將達1,127億美元，2025-2032年預測期間複合年成長率為26.32%。

在緩解氣候變遷和減少溫室氣體 (GHG) 排放的需求的推動下，全球能源格局正在發生巨大變化。再生能源證書（REC）已成為這項轉變的重要工具，它提供了一個基於市場的解決方案，鼓勵再生能源供應，同時追蹤使用情況。這項全面的分析調查了全球 REC 市場的特徵，包括其演變、細分、監管框架、主要競爭對手、區域見解、市場挑戰和未來趨勢。

再生能源證書 (REC)，有時也稱為綠色標籤，代表利用再生能源生產 1 兆瓦時 (MWh) 電力所帶來的環境和社會效益。 REC 與產生的實體電力不同，允許獨立銷售、交易或消耗。這種區別為企業展示其對永續能源利用的承諾提供了一個靈活的框架，即使它們不能直接供應能源。

雖然亞太地區的新興市場在 REC 採用方面處於領先地位，但一些國家仍處於早期階段。然而，印度和中國等國家在將 REC 納入其再生能源目標方面取得了相當大的進展。該地區，特別是印度，REC 貿易量正在增加。印度對再生能源的承諾是顯而易見的，2024 年 1 月印度能源交易所 (IEX) 創紀錄的 152 萬份 REC 交易就證明了這一點，這符合其不斷成長的能源需求。

動力學

政府法規不斷加強

世界各國政府已經制定了要求使用再生能源和碳補償的政策。歐盟再生能源指令和美國清潔電力計畫等政策在增加 REC 需求方面發揮了重要作用。這些限制迫使能源生產商透過發布 REC 來證明他們正在達到再生能源目標。

在亞太地區，國際再生能源證書（I-REC）和全球再生能源交易工具（TIGR）就是重要的例子。國際再生能源證書 (I-REC) 標準由總部位於荷蘭的 I-REC 標準基金會監管。 I-REC 標準提供了一個用於認證再生能源生產和消費的全球框架。它有助於確保再生能源聲明根據當地法規和市場要求得到一致檢查和驗證。

不斷成長的能源轉型

隨著世界能源持續轉向清潔、再生能源，對 REC 的需求自然會增加。在從化石燃料轉向再生能源的市場中尤其如此，因為 REC 可以證明能源是永續產生的。例如，中國的再生能源領域，特別是光伏技術，正在取得長足的進步。中國正穩步實現 2060 年碳中和目標。

谷歌宣布與再生能源公司 Intersect Power 和投資公司 TPG Rise Climate 合作，生產足夠的再生能源，為多個千兆瓦級資料中心供電。再生能源的總投資預計為 200 億美元，Intersect 已經資助了第一個項目。作為三方策略合作的一部分，Intersect Power 將創建新的再生能源基礎設施，Google將確保作為位於同一地點的工業園區新建資料中心園區的主要租戶的電力供應。這個雄心勃勃的計畫旨在為全美數千兆瓦的資料中心容量提供再生能源，並將分階段實施。第一階段計劃於 2026 年投入營運，並於 2027 年全面竣工。

複雜性和市場波動性

REC 業務最重要的問題之一是地區之間缺乏統一性和標準化。例如，全球使用的I-REC體系並不總是與國家認證體系相對應，導致跨國業務困難。缺乏協調會增加交易成本和管理負擔。

REC 價格可能會因需求波動、政策變更和再生能源的可用性等因素而大幅波動。這種不確定性可能會讓企業難以長期規劃，並阻礙潛在買家

The global energy landscape is changing dramatically, driven by the need to mitigate climate change and reduce greenhouse gas (GHG) emissions. Renewable Energy Certificates (RECs) have emerged as a vital instrument in this shift, providing a market-based solution to encourage renewable energy supply while tracking usage. This thorough analysis investigates the characteristics of the global REC market, including its evolution, segmentation, regulatory frameworks, main competitors, regional insights, market challenges and future trends.

Renewable Energy Certificates (RECs), sometimes known as green tags, represent the environmental and social benefits of producing one megawatt-hour (MWh) of electricity from renewable energy sources. RECs are distinct from the physical power generated, allowing for independent sale, trade or consumption. This distinction provides a flexible framework for enterprises to demonstrate their commitment to sustainable energy use, even if they cannot directly supply it.

While Asia-Pacific's emerging markets are leading the way in REC adoption, several countries are still in the early stages. However, countries like India and China are making considerable gains in incorporating RECs into their renewable energy targets. The region, particularly India, is seeing an increase in REC trade volumes. India's commitment to renewable energy is obvious, as evidenced by record-breaking transactions of 1.52 million RECs on the Indian Energy Exchange (IEX) in January 2024, which align with its expanding energy needs.

Dynamics

Rising Government Regulations

Governments around the world have put in place policies requiring the use of renewable energy and carbon offsets. Policies such as the EU Renewable Energy Directive and U.S. Clean Power Plan have played an important role in increasing demand for RECs. The restrictions compel energy producers to certify they're reaching renewable energy targets by issuing RECs.

In Asia-Pacific, the International Renewable Energy Certificate (I-REC) and the Tradable Instrument for Global Renewables (TIGR) are significant examples. The International Renewable Energy Certificate (I-REC) Standard is overseen by the I-REC Standard Foundation, based in the Netherlands. The I-REC Standard provides a global framework for certifying renewable energy production and consumption. It contributes to ensuring that renewable energy claims are consistently checked and validated in accordance with local regulations and market requirements.

Growing Energy Transition

As the world's energy shift to cleaner, renewable sources continues, the demand for RECs naturally increases. This is especially true in markets switching from fossil fuels to renewable energy, as RECs serve as verification that energy was generated sustainably. For instance, China's renewable energy sector, particularly PV technology, is making substantial progress. China is solidly on track to achieve its carbon neutrality goals by 2060.

Google has announced a cooperation with renewable energy company Intersect Power and investment firm TPG Rise Climate to create enough renewable energy to power several gigawatt-scale data centres. The total investment in renewable energy is projected at US$ 20 billion, with Intersect having already funded the first project. As part of the strategic three-party collaboration, Intersect Power will create new renewable energy infrastructure, with Google ensuring power offtake as the anchor tenant for newly built data centre campuses in co-located industrial parks. This ambitious project seeks to provide renewable energy for gigawatts of data centre capacity across U.S. and will be carried out in phases. The initial phase is planned to become operational by 2026, with full completion by 2027.

Complexity and Market Volatility

One of the most significant issues for the RECs business is a lack of uniformity and standardization between regions. For example, the I-REC system utilized worldwide does not always correspond to national certification systems, causing difficulties in cross-border business. The lack of harmonization raises transaction costs and administrative load.

REC prices can be highly volatile, based on factors such as demand fluctuations, policy changes and the availability of renewable energy. This uncertainty can make long-term planning difficult for businesses and dissuade potential buyers

Segment Analysis

The global renewable energy certificate market is segmented based on type, energy source, end-user and region.

Corporate Sustainability Commitments Drives Voluntary REC Segment

The voluntary REC segment is expected to dominate the global market in 2024. The voluntary REC industry is expanding rapidly, driven by corporate sustainability commitments and net-zero ambitions. Companies like Google, Microsoft and Amazon have established high renewable energy objectives, driving REC purchases in this sector.

In 2022, around 240 million RECs retired in voluntary markets, vs approximately 390 million RECs in compliance markets. The voluntary market encompasses a wide range of items, buyers and market situations. Different products package RECs and power differently, catering to different types of clients, ranging from residential families making relatively small buys to non-residential buyers making huge purchases.

Geographical Penetration

Production and Consumer Trends in North America

North America, particularly plays a dominant role in the global renewable energy certificate market, driven by both production and consumption factors. The region is primarily driven by a robust regulatory framework and government requirements for renewable energy. U.S. and Canada are the market leaders in terms of both issuance and acquisition of RECs.

Voluntary RECs are increasing popularity in U.S. due to business sustainability goals and tax incentives, such as the Inflation Reduction Act of 2022. This trend is especially noticeable in the data centre industry, where corporations are aggressively pursuing green Power Purchase Agreements (PPAs). Mexico's REC market is stable, with regulators aiming to entice smaller generators with standard changes and rate reductions. This program is projected to promote the development of International Renewable Energy Certificates (I-RECs), especially in sectors like retail and industry that want to certify their renewable energy use.

Competitive Landscape

The major global players in the market include Central Electricity Regulatory Commission, Green-e Energy, General Services Administration, Western Area Power Administration, U.S. Environment Protection Agency, Defense Logistics Agency Energy, I-REC standard, TUV SUD, Statkraft and The Green Certificate Company Limited.

Sustainability Analysis

The Renewable Energy Certificate (REC) market plays a vital role in driving sustainability efforts globally by incentivizing renewable energy production, reducing carbon emissions and facilitating the energy transition. By purchasing RECs organizations directly fund renewable energy projects like wind, solar, hydro and biomass, increasing global renewable energy capacity.

Regulatory mandates like Renewable Portfolio Standards (RPS) drive demand in compliance REC markets, ensuring a stable framework. Voluntary markets grow as more corporations commit to sustainability goals and adopt Science-Based Targets or net-zero pledges. Emerging platforms simplify REC purchasing for small businesses and individuals, expanding market participation.

The government and private entities' significant investment in renewable energy, notably large-scale solar power facilities, is propelling industry expansion. For example, in April 2023, U.S. Department of Energy (DOE) announced a US$ 52 million financial commitment for a carefully selected collection of 19 projects. This includes US$ 10 million supplied from the Bipartisan Infrastructure Law, aimed at strengthening the domestic solar supply chain in US.

Blockchain and Transparency in REC Trading

The use of blockchain technology in conjunction with AI can increase the transparency and security of REC transactions. Blockchain technology can generate a decentralized and unchangeable record of all REC purchases and sales, lowering fraud and increasing trust in the certification process. This will also boost the transparency of renewable energy projects and assist track the actual production of renewable energy in real-time.

According to Silke Mooldijk, the corporate climate responsibility expert at the NewClimate Institute, if tech businesses do not disclose transparent information, consumers may be unable to understand the climatic impact of AI and move their behavior towards different models. Google recognizes that unbundled renewable energy certificates do not cut emissions and has begun replacing them with clean energy.

Key Developments

In May 2024, the Indian Energy Exchange (IEX) recorded a 26.4% year-on-year rise in REC trading for the fiscal year 2024. This increase in both the number and value of RECs traded reflects India's growing need for renewable energy.
In February 2024, the Indian Wind Power Association Northern Region Council appealed the Central Electricity Regulatory Commission's (CERC) new 2022 legislation on renewable energy certificates. The outcome of this issue could significantly affect the REC market dynamics in India.

Why Purchase the Report?

To visualize the global renewable energy certificate market segmentation based on type, energy source, end-user and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous renewable energy certificate market-level data points with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global renewable energy certificate market report would provide approximately 62 tables, 53 figures and 201 pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Type
3.2. Snippet by Energy Source
3.3. Snippet by End-User
3.4. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Rising Government Regulations
  - 4.1.1.2. Growing Energy Transition
- 4.1.2. Restraints
  - 4.1.2.1. Complexity and Market Volatility
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. DMI Opinion

6. By Type

6.1. Introduction
- 6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 6.1.2. Market Attractiveness Index, By Type
6.2. Compliance RECs
- 6.2.1. Introduction
- 6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
6.3. Voluntary RECs

7. By Energy Source

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Energy Source
- 7.1.2. Market Attractiveness Index, By Energy Source
7.2. Solar RECs
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Wind RECs
7.4. Hydro RECs
7.5. Others

8. By End-User

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 8.1.2. Market Attractiveness Index, By End-User
8.2. Industrial
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Commercial
8.4. Residential
8.5. Governmental

9. By Region

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
9.2. North America
- 9.2.1. Introduction
- 9.2.2. Key Region-Specific Dynamics
- 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Energy Source
- 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.2.6.1. US
  - 9.2.6.2. Canada
  - 9.2.6.3. Mexico
9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Energy Source
- 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.3.6.1. Germany
  - 9.3.6.2. UK
  - 9.3.6.3. France
  - 9.3.6.4. Italy
  - 9.3.6.5. Spain
  - 9.3.6.6. Rest of Europe
9.4. South America
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Energy Source
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.4.6.1. Brazil
  - 9.4.6.2. Argentina
  - 9.4.6.3. Rest of South America
9.5. Asia-Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Energy Source
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.5.6.1. China
  - 9.5.6.2. India
  - 9.5.6.3. Japan
  - 9.5.6.4. Australia
  - 9.5.6.5. Rest of Asia-Pacific
9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Energy Source
- 9.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

10. Competitive Landscape

10.1. Competitive Scenario
10.2. Market Positioning/Share Analysis
10.3. Mergers and Acquisitions Analysis

11. Company Profiles

11.1. Central Electricity Regulatory Commission
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Financial Overview
- 11.1.4. Key Developments
11.2. Green-e Energy
11.3. General Services Administration
11.4. Western Area Power Administration
11.5. U.S. Environment Protection Agency
11.6. Defense Logistics Agency Energy
11.7. I-REC standard
11.8. TUV SUD
11.9. Statkraft
11.10. The Green Certificate Company Limited

LIST NOT EXHAUSTIVE