EWEC to conduct its Q3 2023 Clean Energy Certificates Auction

EWEC to conduct its Q3 2023 Clean Energy Certificates Auction

ABU DHABI, 17th August, 2023 (WAM) -- Emirates Water and Electricity Company (EWEC) today announced it will conduct its Q3 auction for Clean Energy Certificates (CECs) in Abu Dhabi. The registration for the auction is now open and will be closed on 14th September 2023.

The upcoming auction is the latest in a series of successful auctions conducted by EWEC. The Q2 auction in June attracted a record number of participants, including a significant number of new entrants from diverse industries, including district cooling, artificial intelligence, and driver education, emphasising the continued growth and awareness of this key scheme that enables industries to enhance the sustainability of their operations.

Othman Al Ali, Chief Executive Officer of EWEC, said, “The impressive number of participants in our Q2 auction serves as compelling evidence of the scheme's consistent success in promoting the decarbonisation of electricity consumption. This innovative scheme has already seen significant milestones, breaking records along the way and bolstering the UAE's pursuit of its economic and sustainability objectives.

Given the persistent impact of climate change on communities, there is no better time for companies to reduce their carbon footprint, and the CECs scheme, coupled with EWEC’s CECs auctions, will help accelerate the achievement of