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Does the EU renewable energy sector still need a guarantees of origin market?

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  • Jansen, Jaap

Abstract

The European Commission’s Renewable Energy Directive of 2001 mandated EU member states to develop a system for the guarantees of origin (GOs) of renewable electricity. In 2016, this market had an estimated value of €120 million per year across the EU, of which €100 million was income for generators of renewable electricity. Yet the GO system has been criticised for lacking environmental credibility and having little impact. The current legislation of the GO instrument leads to an oversupplied GO market and a double-counting problem. This enables suppliers who want to launch renewable electricity products, and corporations seeking to make their electricity demand more renewable, to do so in a legally correct and cheap but environmentally questionable way, which leads to little or no extra generation of renewable electricity. The author argues that well-designed reforms could address these weaknesses and provide additional, consumer-driven income streams to help realise new renewable energy projects in the future. He proposes a number of recommendations for action.

Suggested Citation

  • Jansen, Jaap, 2017. "Does the EU renewable energy sector still need a guarantees of origin market?," CEPS Papers 12714, Centre for European Policy Studies.
    • Handle: RePEc:eps:cepswp:12714
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    File URL: https://www.ceps.eu/system/files/CEPS%20Policy%20Insights%202017-25%20Guarantees%20of%20Origin%20J%20Jansen.pdf
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    Cited by:

    1. Ákos Hamburger, 2019. "Is guarantee of origin really an effective energy policy tool in Europe? A critical approach," Society and Economy, Akadémiai Kiadó, Hungary, vol. 41(4), pages 487-507, December.
    2. Roberta Olindo & Nathalie Schmitt & Joost Vogtländer, 2021. "Life Cycle Assessments on Battery Electric Vehicles and Electrolytic Hydrogen: The Need for Calculation Rules and Better Databases on Electricity," Sustainability, MDPI, vol. 13(9), pages 1-22, May.

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