Market statistics

 

Record European demand for renewable energy in the first half of 2020 – despite COVID-19

Published 8 October, 2020
“The demand for renewable energy documented with Guarantees of Origin shows record growth during the first half of 2020, despite the negative effect COVID-19 is having on global and local economies. The fact that especially corporate demand for renewables seems unaffected is truly inspiring during these unusual and trying times,” says Tom Lindberg, Managing Director in ECOHZ, commenting on new statistics from the Association of Issuing Bodies (AIB). “The demand for renewables reached 530 TWh at the close of Q2 2020. This is the highest figure recorded, even compared to previous full years – with the year 2019 being the only exception,” says Lindberg.

Impressive growth in the I-REC market – global Renewable Energy Certificates

Published 29 June, 2020
The International REC (I-REC) Standard started off in 2014 to document and report that the energy you consume outside Europe and North America comes from renewable energy sources. The ambition was to bring renewable electricity tracking to parts of the world that did not yet have a national or regional solution in place. The first full year of operation started with three countries – Turkey, Taiwan and China – with just a few registered power plants. Since then, the development of I-REC around the world has been an impressive success. The I-REC Standard has become an essential instrument for reporting electricity consumption by corporates, institutions and individuals.


European Residual Mixes 2019 show CO2 footprint when not using documented renewable electricity

Guarantees of Origin (GOs) are used to track renewable electricity in Europe. Consumers who do not choose renewable electricity with GOs will use a mix (Residual Mix) of energy produced from renewable, fossil and nuclear sources.

The Association of Issuing Bodies (AIB) has published the Residual Mixes and European Attribute Mix for 2019. The European Attribute Mix for 2019 is 4.44% renewable, 42.02% nuclear and 53.53% fossil. The change to last year is (respectively) +2.00%, +5.06% and -7.07%. The volume of reliably-tracked electricity origin grew from 988 TWh to 1068 TWh. The share of untracked consumption has continued to decrease and is now 67.3% (70% in 2018).