EWEC to conduct its Q2 2023 Clean Energy Certificates auction

The Clean Energy Certificates scheme provides an effective tool to support carbon emissions reduction in line with UAE Net Zero by 2050 strategic initiative

EWEC (Emirates Water and Electricity Company), a leading company in the integrated coordination of planning, purchasing and supply of water and electricity across the UAE, today announced it will conduct the Q2 auction for Clean Energy Certificates (CECs) in Abu Dhabi, with registration now open and the auction closing on 14 June 2023.

As the registrant and auction operator, EWEC is responsible for implementing the CECs scheme, which provides an effective tool for Abu Dhabi entities to demonstrate their commitment to a sustainable future, as well as showcase their tangible steps in reducing carbon emissions and supporting the UAE Net Zero by 2050 strategic initiative. Purchasing CECs allows organisations to track and verify their clean energy consumption, enabling them to decarbonise their operations.

Francois Brice, Fuel & Commercial Executive Director at EWEC, said: “Taking deliberate and tangible measures is becoming increasingly important for entities to realise their sustainability objectives and to support the UAE’s environmental and sustainability agenda as the country prepares to host COP28 at the end of this year. Through EWEC's CECs auctions, we are providing companies with an innovative tool to decarbonise their energy consumption and play an active role in supporting the realisation of the UAE Net Zero by 2050 strategic initiative. All Abu Dhabi organisations and entities are encouraged to participate in our upcoming CECs auction to contribute to the UAE’s energy transition and decarbonisation objectives.”

CECs verify that the consumed electricity originates from a clean energy source such as solar or nuclear. These are tradable digital certificates issued by the Department of Energy (DoE) in units of 1 MWh. CECs are currently the only accredited instruments in Abu Dhabi to prove ownership of the environmental and economic benefits of consuming clean energy. In addition, CECs conform to International REC Standard (I-REC) that provides participating companies with a competitive advantage by certifying their sustainability efforts worldwide. EWEC is one of the key parties enabling the implementation of Abu Dhabi’s CEC’s scheme, acting as the Single Registrant and Auction Operator.

Registration to participate in the upcoming CECs auction, taking place on 14 June 2023, is now open. To track and verify your clean energy consumption, please visit www.ewec.ae/en/CleanEnergyCertificates or contact EWEC’s Clean Energy Certificates team at: CleanEnergyCertificates@ewec.ae

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About Emirates Water and Electricity Company

Emirates Water and Electricity Company (EWEC) drives the planning, forecasting, purchase and supply of water and electricity in Abu Dhabi and beyond. EWEC performs its role as the sole procurer of water and electricity from independent producers, ensuring the short- and long-term balancing of bulk supply and demand for distribution companies. EWEC is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy. For more information, please visit www.ewec.ae.

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