ZeroLabs Tokenization Protocol
  • ❓About
  • πŸ“„Audit trail
  • Domain Definitions
    • πŸ“ƒRedemption Statement
    • πŸ”ƒBi-directional link
      • Setting the redemption statement
      • Issuance
    • πŸ‘€Issuer
      • Topics
    • πŸ“—Certificate
      • Claiming
    • πŸ“‘Batch
    • πŸ“Agreement
    • πŸ’½Smart contracts
      • Certificate Registry
        • Issuance metadata
        • Claim data
        • Deployments
      • Batch Factory
        • Deployments
      • Agreement(s)
    • ⛓️Multi-chain approach
  • Future Improvements
    • πŸŒ‰Bridging
  • Developer Tools
    • πŸ‘¨β€πŸ’»How to use the libraries
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  • What are Renewable Energy Certificates?
  • Why do we need RECs?
  • What’s the difference between RECs and Carbon Offsets?
  • Green NFTs
  1. Domain Definitions

Certificate

What are Renewable Energy Certificates?

Renewable Energy Certificates (RECs) are tradable, non-tangible energy certificates that represent proof that 1 megawatt-hour (MWh) of electricity was generated from an eligible renewable energy resource or power plant.

Why do we need RECs?

Once an electron has been added to the electric grid, there is no way to know from where it came. Renewable Energy Certificates represent the verified amount of clean electricity that has been added in a specific period; therefore RECs are the only way to prove your electricity green.

What’s the difference between RECs and Carbon Offsets?

RECs prove that a certain amount of electricity consumed was green, and carbon credits represent a project, somewhere in the world, whose activities reduced emissions or enhanced greenhouse gas (GHG) removal from the atmosphere. RECs are special because they incentivize the adoption of renewable energy while carbon offsets redirect the sustainability effort to external projects.

Green NFTs

Within the context of the ZeroLabs Tokenization Module, RECs are special kind of Non-Fungible-Token that represent:

  • n Wh of clean energy, n >= 1

  • produced by a specific facility

  • in a specific time frame

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Last updated 3 years ago

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