Ewec to conduct auction for clean energy certificates in Abu Dhabi

Ewec to conduct auction for clean energy certificates in Abu Dhabi

UAE - Emirates Water and Electricity Company (Ewec), a leading company in the integrated co-ordination of planning, purchasing and supplying of water and electricity across the UAE, will be conducting its fourth auction for clean energy certificates (CECs) in Abu Dhabi, on June 14, following three previous successful auctions.

CECs are tradable digital certificates issued by the Department of Energy (DoE) in units of 1 MWh upon receiving a request from the Single Registrant and are currently the only accredited instruments in Abu Dhabi to prove ownership of the environmental and economic benefits achieved by consuming clean energy.

They provide Abu Dhabi entities an empowering pathway to achieve their desired sustainability goals by guaranteeing the zero carbon origin of their clean electricity consumption, while also enabling them to further reduce their carbon footprint.

Additionally, CECs offer entities a global competitive edge by holding internationally recognised certificates that guarantees their green credentials.

Ewec CEO Othman Al Ali said: "The innovative CEC scheme has proven to be a successful initiative in attracting a significant number of Abu Dhabi-based entities aiming to play a vital role in supporting the UAE Net Zero by 2050 initiative."

"The success of our three previous CEC auctions encouraged more companies of all