UAE: EWEC to conduct its Q2 2023 Clean Energy Certificates auction

UAE: EWEC to conduct its Q2 2023 Clean Energy Certificates auction

ABU DHABI – Emirates Water and Electricity Company (EWEC) has announced the Q2 auction for Clean Energy Certificates (CECs), which is set to be conducted in Abu Dhabi, with registration now open and the auction closing on 14th June 2023.

As the registrant and auction operator, EWEC is responsible for implementing the CECs scheme. It offers a viable tool for Abu Dhabi organisations to showcase their commitment to a sustainable future and demonstrate tangible steps taken to reduce carbon emissions in line with 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.

According to Francois Brice, Fuel and Commercial Executive Director at EWEC, companies must take deliberate and tangible measures to support the UAE's environmental and sustainability agenda as the country prepares to host COP28 later this year. EWEC's CECs auctions allow companies to decarbonise their energy consumption and actively support the UAE's Net Zero by 2050 strategic initiative.

CECs are digital certificates that verify consumed electricity originates from clean energy sources such as solar or nuclear. The Department of Energy (DoE) issues these certificates in units of 1 MWh, and they are currently the only accredited