Bitdalsdammen in Norway.
Statkraft supports the global shift to a low carbon economy. We accelerate the transition to renewable energy while providing our expertise to help reduce carbon emissions.
Statkraft generates renewable energy and buys and sells energy in the market. Renewable energy in the market consists of physical power and renewable electricity certificates:
- Certificates track energy back to the power plant which produced it, similar to a GPS identifying a precise location. This increases transparency and supports the growth of renewables.
- There are various types of certificates based on national legislation or international standards.
- Physical power and certificates can be bought and sold in combination or as a mix of energy products.
Statkraft supports you with renewable energy solutions
Our power purchase agreements enable the transition to 100 per cent green energy.
Our certificates allow you to guarantee the origin of your energy:
Guarantees of Origin (GOs or GoOs)
Guarantees of origin certify that a quantity of power is indeed generated from renewable energy sources. In 2009, the European Union made it compulsory to use GOs to track and disclose renewable energy. Visit our page dedicated to Guarantees of Origin for more information (this page will list the contacts for Germany, Spain, Nordics, other countries)
International Renewable Energy Certificates (I-RECs)
I-RECs are the equivalent of Guarantees of Origin outside of the European Union and North America. The I-REC Standard stems from an initiative to track the origin of electricity beyond the borders of established renewable energy certificate markets and to help end-users reliably retrace it through appropriate certification and documentation.
Renewable Obligation Certificates (ROCs)
In England, Wales, Scotland and Northern Ireland, ROCs cover the obligation of electricity suppliers to source renewable energy.
US Renewable Energy Certificates (US RECs)
In the US, RECs cover the obligation of electricity suppliers to source renewable energy.
Measures to reduce carbon emissions
To keep our planet’s temperature below breaking point, various measures to reduce carbon emissions have been taken nationally and internationally and include the creation of compliance and voluntary environmental markets.
- Their aim is to reduce the amount of carbon emissions and other greenhouse gas emissions by creating economic incentives for emission reduction measures.
- Statkraft has signed the Climate Neutral Now pledge, an initiative launched by UN Climate Change. As part of this, emission reduction targets have been set and unavoidable emissions are offset through certified emissions reductions.
We support our customers in climate markets worldwide
European Union Emissions Trading Scheme (EU-ETS)
The European Union Emissions Trading Scheme is the compliance market for large emitters in Europe.
- EUAs are the tradable unit of one metric ton CO2
- EUAAs are dedicated to the aviation sector
Californian Emissions Trading Scheme (CA-ETS)
The Californian Emissions Trading Scheme is the compliance market for large emitters in California. The instruments are:
- California Carbon Allowances (CCAs)
- California Carbon Offsets (CCOs)
Global carbon offset markets
Statkraft is active in voluntary markets with various standards for project-based carbon offsets.