Renewable energy certificate mechanism and markets in Taiwan: The evolution and characteristics

IF 9.2 2区经济学 Q1 ECONOMICS

Energy Policy Pub Date : 2025-05-24 DOI:10.1016/j.enpol.2025.114689

Tze-Luen Lin , Kuan-Ting Chen , Yen-Haw Chen

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引用次数: 0

Abstract

With the world striving to achieve net-zero emissions by 2050, carbon-free energy systems must accelerate. This study examines how Taiwan's renewable energy certificate (T-REC) assists Taiwan-based global enterprises in meeting supply chain requirements and establishing a renewable energy certification and initial market system with reliability and validity. The analysis examines several critical dimensions, including government-led initiatives, the voluntary nature of the program, the design of bundled certificates, and their integration with the national greenhouse gas registry. From an institutional perspective, it can be affirmed that the institutional design of the T-REC aligns with the fundamental purpose of energy attribute certificates in promoting the development and utilization of electricity derived from renewable sources. The reliability of the T-REC can be strengthened through government-led governance. Furthermore, the T-REC tracking system is integrated with the national greenhouse gas registry platform to prevent the double-counting of environmental benefits. From a market perspective, the design of the T-REC shapes the quality and operational regulations of the initial renewable electricity trading market.

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台湾可再生能源认证机制与市场：演变与特征

随着世界努力在2050年前实现净零排放，无碳能源系统必须加速发展。本研究探讨台湾可再生能源认证（T-REC）如何协助台湾跨国企业满足供应链需求，并建立可靠、有效的可再生能源认证与初始市场体系。该分析考察了几个关键方面，包括政府主导的倡议、项目的自愿性质、捆绑证书的设计以及它们与国家温室气体登记的整合。从制度角度来看，可以肯定的是，T-REC的制度设计与能源属性证书促进可再生能源电力开发利用的根本目的是一致的。通过政府主导的管理，可以加强T-REC的可靠性。此外，T-REC跟踪系统与国家温室气体登记平台集成，以防止重复计算环境效益。从市场的角度来看，T-REC的设计决定了初始可再生能源电力交易市场的质量和操作规则。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Energy Policy 管理科学-环境科学

CiteScore

17.30

自引率

5.60%

发文量

540

审稿时长

7.9 months

期刊介绍： Energy policy is the manner in which a given entity (often governmental) has decided to address issues of energy development including energy conversion, distribution and use as well as reduction of greenhouse gas emissions in order to contribute to climate change mitigation. The attributes of energy policy may include legislation, international treaties, incentives to investment, guidelines for energy conservation, taxation and other public policy techniques. Energy policy is closely related to climate change policy because totalled worldwide the energy sector emits more greenhouse gas than other sectors.