Renewable Energy Certificate Market Size Worth USD 110.94 Billion By 2032
According to Custom Market Insights (CMI), The Global Renewable Energy Certificate Market was valued at USD 18.6 Billion in 2021 and is expected to reach USD 110.94 Billion during the forecast period from 2022-2030, expected to grow at a CAGR of 27.2% during the forecast period. Renewable energy certificates, also known as renewable energy credits or green tags, are non-tangible and tradable energy commodities used as proof to determine that 1MW per hour of electricity was generated from a renewable energy source. For example, solar renewable energy certificates are obtained from solar energy power. The US represents the U.S. the ultimate proof of the renewable energy certificate. There are two types of markets in the US for implementation. The policy created the compliance market and currently exists in 29 US states. U.S. other is voluntary markets used by most households and the corporate sector. The customers choose to purchase renewable power based on the...