Emirates Water and Electricity Company (Ewec), a leading company in the integrated coordination of planning, purchasing and supply of water and electricity across the UAE, has announced it will conduct its Q3 auction for Clean Energy Certificates (CECs) in Abu Dhabi.
Ewec is the single registrant and auction operator responsible for implementing the CECs scheme. The registration is now open and the auction closing is set for September 14.
An innovative tool, CEC fosters greater clean energy accountability, helping drive the transition to a low-carbon economy and contributes to the realization of the UAE Net Zero by 2050 strategic initiative, by enabling Abu Dhabi-based entities to track and verify their clean energy consumption, and decarbonize their operations, said Ewec in its statement.
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.
CEO Othman Al Ali said: "The impressive number of participants in our Q2 auction serves as compelling evidence of the scheme's consistent success in promoting the decarbonization 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 a net zero future. We are confident that the CECs scheme will continue to flourish, and I would like to encourage all organizations to register for our Q3 auction and take action today to address climate change," he stated.
According to him, The Abu Dhabi Department of Energy’s CECs scheme is the only accredited instrument in the emirate that proves ownership of decarbonized energy consumption using clean electricity generated from solar or nuclear energy sources.
Additionally, CECs provide purchasing entities with a competitive advantage by holding certificates that conform to International REC Standard (I-REC) and verifying their sustainability credentials, he added.
