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    Towards an international tradable green certificate system - The challenging example of Belgium

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    Publication type
    Journal article with impact factor
    Author
    Verhaegen, K.
    Meeus, Leonardo
    Belmans, Ronnie
    Publication Year
    2009
    Journal
    Renewable and Sustainable Energy Reviews
    Publication Volume
    13
    Publication Issue
    1
    Publication Begin page
    208
    Publication End page
    215
    
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    Abstract
    In Europe, a common framework for renewable energy sources (RES) is aspired. Tradable green certificates (TGCs) are a market-based cost-efficient means to stimulate electricity production from RES. Since TGCs are the most widespread support scheme in Europe together with feed-in tariffs, chances are that a common European framework could well be based on TGCs. However, while integrating currently existing different national TGC systems, any remaining differences should be carefully considered. Just how difficult the creation of an international TGC market would be is illustrated in this paper by the case of Belgium, where no less than 4 different TGC systems exist nowadays. The example of Belgium illustrates that harmonizing different TGC systems is easier said than done and represents a serious challenge. This clearly illustrates that a single European support scheme for RES, however desirable, is still far in the future.
    Keyword
    Energy Markets, Renewable Energy Sources, Tradable Green Certificates, Harmonization, Regional Differences
    Knowledge Domain/Industry
    Special Industries : Energy
    DOI
    10.1016/j.rser.2007.01.021
    URI
    http://hdl.handle.net/20.500.12127/4623
    ae974a485f413a2113503eed53cd6c53
    10.1016/j.rser.2007.01.021
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