This paper demonstrates the basis for recognition and use of EACs (including NZ-ECs) by parties wishing to purchase renewable energy and reduce their greenhouse gas emissions. To understand the basis for usage, the paper provides the results of a thorough review of international best practice in this area. The best practice outlines and provides context of the pathway between standards, accreditation bodies, verification bodies and EAC system providers.
The report also describes recognition of EACs by global entities within certification and commitment programmes, government-led programmes, global disclosure systems, policy organisations and sustainability consultants.
The evidence presented shows robust existing international precedent for the recognition of EACs as appropriate instruments within market-based GHG reporting.
Author: Bindi Robertson, Certified Energy (Aug 2021)