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绿色能源

市场调查报告书

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1634252

全球再生能源证书市场 - 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个工作天内

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简介目录

概述

2024年全球再生能源证书市场规模达141.2亿美元，预计2032年将达1,127亿美元，2025-2032年预测期间复合年增长率为26.32%。

在缓解气候变迁和减少温室气体 (GHG) 排放的需求的推动下，全球能源格局正在发生巨大变化。再生能源证书（REC）已成为这项转变的重要工具，它提供了一个基于市场的解决方案，鼓励再生能源供应，同时追踪使用情况。这项全面的分析调查了全球 REC 市场的特征，包括其演变、细分、监管框架、主要竞争对手、区域见解、市场挑战和未来趋势。

再生能源证书 (REC)，有时也称为绿色标籤，代表利用再生能源生产 1 兆瓦时 (MWh) 电力所带来的环境和社会效益。 REC 与产生的实体电力不同，允许独立销售、交易或消耗。这种区别为企业展示其对永续能源利用的承诺提供了一个灵活的框架，即使它们不能直接供应能源。

虽然亚太地区的新兴市场在 REC 采用方面处于领先地位，但一些国家仍处于早期阶段。然而，印度和中国等国家在将 REC 纳入其再生能源目标方面取得了相当大的进展。该地区，特别是印度，REC 贸易量正在增加。印度对再生能源的承诺是显而易见的，2024 年 1 月印度能源交易所 (IEX) 创纪录的 152 万份 REC 交易就证明了这一点，这符合其不断增长的能源需求。

动力学

政府法规不断加强

世界各国政府已经制定了要求使用再生能源和碳补偿的政策。欧盟再生能源指令和美国清洁电力计画等政策在增加 REC 需求方面发挥了重要作用。这些限制迫使能源生产商透过发布 REC 来证明他们正在达到再生能源目标。

在亚太地区，国际再生能源证书（I-REC）和全球再生能源交易工具（TIGR）就是重要的例子。国际再生能源证书 (I-REC) 标准由总部位于荷兰的 I-REC 标准基金会监管。 I-REC 标准提供了一个用于认证再生能源生产和消费的全球框架。它有助于确保再生能源声明根据当地法规和市场要求得到一致检查和验证。

不断成长的能源转型

随着世界能源持续转向清洁、再生能源，对 REC 的需求自然会增加。在从化石燃料转向再生能源的市场中尤其如此，因为 REC 可以证明能源是可持续产生的。例如，中国的再生能源领域，特别是光伏技术，正在取得长足的进步。中国正稳步实现 2060 年碳中和目标。

谷歌宣布与再生能源公司 Intersect Power 和投资公司 TPG Rise Climate 合作，生产足够的再生能源，为多个千兆瓦级资料中心供电。再生能源的总投资预计为 200 亿美元，Intersect 已经资助了第一个项目。作为三方策略合作的一部分，Intersect Power 将创建新的再生能源基础设施，Google将确保作为位于同一地点的工业园区新建资料中心园区的主要租户的电力供应。这个雄心勃勃的计画旨在为全美数千兆瓦的资料中心容量提供再生能源，并将分阶段实施。第一阶段计划于 2026 年投入运营，并于 2027 年全面竣工。

复杂性和市场波动性

REC 业务最重要的问题之一是地区之间缺乏统一性和标准化。例如，全球使用的I-REC体系并不总是与国家认证体系相对应，导致跨国业务困难。缺乏协调会增加交易成本和管理负担。

REC 价格可能会因需求波动、政策变更和再生能源的可用性等因素而大幅波动。这种不确定性可能会让企业难以长期规划，并阻碍潜在买家

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