RE100 is a global initiative organised by The Climate Group and CDP that comprises more than 400 influential corporates committed to 100% renewable electricity. Businesses all over the world can join the initiative and commit to procuring the totality of their electricity from renewable sources by a specified year. Strategies vary on how they plan to reach their targets.
Some companies are in a position to take a long-term industrial approach and provide capital and resources to build new off-site generation. Others are looking for long-term price hedging and opt for signing PPAs from renewable power plants. Regardless of the chosen solution, Energy Attribute Certificates (EACs) must be cancelled to document renewable consumption claims.
For most companies, buying unbundled EACs is the only available and accessible solution to reach renewable goals. Global EAC solutions for renewable claims are primarily Guarantees of Origin (GOs) in Europe, RECs in North America and International RECs (I-RECs) in a growing number of countries in Asia, Latin America and Africa.