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再生可能エネルギー証書の世界市場-2025年～2032年

Global Renewable Energy Certificate Market - 2025 - 2032

出版日
ページ情報
英文 176 Pages
納期
即日から翌営業日
カスタマイズ可能
適宜更新あり
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=149.35円
再生可能エネルギー証書の世界市場-2025年～2032年
出版日: 2025年01月13日
発行: DataM Intelligence
ページ情報: 英文 176 Pages
納期: 即日から翌営業日
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概要

概要

再生可能エネルギー証書の世界市場は、2024年に141億2,000万米ドルに達し、2032年には1,127億米ドルに達すると予測され、予測期間2025年のCAGRは26.32%で成長する見込みです。

気候変動の緩和と温室効果ガス（GHG）排出量削減の必要性により、世界のエネルギー情勢は劇的に変化しています。再生可能エネルギー証書（REC）は、この変化における重要な手段として登場し、使用量を追跡しながら再生可能エネルギー供給を奨励する市場ベースのソリューションを提供しています。この徹底的な分析では、世界のREC市場の特徴について調査し、その発展、セグメンテーション、規制の枠組み、主な競合企業、地域の洞察、市場の課題、今後の動向などを明らかにしています。

再生可能エネルギー証書（REC）は、グリーンタグとして知られることもあり、再生可能エネルギー源から1メガワット時（MWh）の電力を生産することによる環境的・社会的利益を表しています。RECは、発電された物理的な電力とは区別され、独立した販売、取引、消費が可能です。この区別は、企業が直接電力を供給できなくても、持続可能なエネルギー利用へのコミットメントを示すための柔軟な枠組みを提供します。

アジア太平洋の新興市場がREC導入の先頭を走っているとはいえ、まだ初期段階にある国もいくつかあります。しかし、インドや中国のような国々は、再生可能エネルギー目標にRECを組み込むことで、かなりの成果を上げています。この地域、特にインドでは、RECの取引量が増加しています。2024年1月にインドエネルギー取引所（IEX）で152万RECという記録的な取引が行われたことからもわかるように、インドの再生可能エネルギーへのコミットメントは明白であり、これは拡大するエネルギーニーズに合致しています。

ダイナミクス

政府規制の高まり

世界各国の政府は、再生可能エネルギーとカーボンオフセットの利用を義務付ける政策を打ち出しています。EUの再生可能エネルギー指令や米国のクリーンパワープランなどの政策は、RECの需要拡大に重要な役割を果たしています。これらの規制は、エネルギー生産者に対し、RECを発行することで再生可能エネルギー目標を達成していることを証明するよう求めています。

アジア太平洋では、国際再生可能エネルギー証書（I-REC）と世界再生可能エネルギー取引制度（TIGR）が重要な例です。国際再生可能エネルギー証書（I-REC）基準は、オランダに本部を置くI-REC基準財団によって監督されています。I-REC規格は、再生可能エネルギーの生産と消費を認証するための世界の枠組みを提供しています。I-REC規格は、再生可能エネルギーの生産と消費を認証するための世界の枠組みを提供し、再生可能エネルギーの主張が、地域の規制や市場の要求に従って一貫してチェックされ、検証されることを保証するものです。

拡大するエネルギー転換

よりクリーンで再生可能なエネルギー源への世界のエネルギー転換が進むにつれて、RECに対する需要も当然高まります。これは、化石燃料から再生可能エネルギー発電へと転換する市場において特に当てはまり、RECは、エネルギーが持続可能な形で生成されたことを証明する役割を果たすからです。例えば、中国の再生可能エネルギー部門、特に太陽光発電技術は、大きな進歩を遂げています。中国は、2060年までにカーボンニュートラルの目標を達成する予定です。

グーグルは、再生可能エネルギー企業のインターセクトパワー社および投資会社のTPGライズクライメート社と協力し、複数のギガワット規模のデータセンターに電力を供給するのに十分な再生可能エネルギーを創出することを発表しました。再生可能エネルギーへの投資総額は200億米ドルと予想され、インターセクト社はすでに最初のプロジェクトに資金を提供しています。戦略的な3者協力の一環として、インターセクトパワーは新たな再生可能エネルギーインフラを構築し、グーグルは併設された工業団地に新設されるデータセンターキャンパスのアンカーテナントとして、電力の引き取りを確保します。この野心的なプロジェクトは、米国全土のギガワット級のデータセンター容量に再生可能エネルギーを供給するもので、段階的に実施されます。初期段階は2026年までに稼動し、2027年までに完全完成する予定です。

複雑さと市場の変動

RECビジネスにとって最も重要な問題のひとつは、地域間の統一性と標準化の欠如です。例えば、世界中で利用されているi-RECシステムは、必ずしも各国の認証システムに対応しておらず、国境を越えたビジネスに困難を引き起こしています。調和がとれていないため、取引コストや管理負担が増大します。

REC価格は、需要の変動、政策の変更、再生可能エネルギーの利用可能性などの要因によって、非常に変動しやすいです。このような不確実性は、企業にとって長期的な計画を困難にし、潜在的な購買意欲を失わせます。

目次

第1章 調査手法と調査範囲

第2章 定義と概要

第3章 エグゼクティブサマリー

第4章 市場力学

  • 影響要因
    • 促進要因
      • 政府規制の強化
      • 拡大するエネルギー転換
    • 抑制要因
      • 複雑性と市場のボラティリティ
    • 機会
    • 影響分析

第5章 産業分析

  • ポーターのファイブフォース分析
  • サプライチェーン分析
  • 価格分析
  • 規制分析
  • DMIの見解

第6章 タイプ別

  • コンプライアンスREC
  • 自主的REC

第7章 エネルギー源別

  • 太陽光REC
  • 風力発電REC
  • 水力発電REC
  • その他

第8章 エンドユーザー別

  • 産業用
  • 商業用
  • 住宅用
  • 政府

第9章 地域別

  • 北米
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • 英国
    • フランス
    • イタリア
    • スペイン
    • その他欧州
  • 南米
    • ブラジル
    • アルゼンチン
    • その他南米
  • アジア太平洋
    • 中国
    • インド
    • 日本
    • オーストラリア
    • その他アジア太平洋
  • 中東・アフリカ

第10章 競合情勢

  • 競合シナリオ
  • 市況・シェア分析
  • M&A分析

第11章 企業プロファイル

  • Central Electricity Regulatory Commission
    • 会社概要
    • 製品ポートフォリオと概要
    • 財務概要
    • 主な発展
  • Green-e Energy
  • General Services Administration
  • Western Area Power Administration
  • U.S. Environment Protection Agency
  • Defense Logistics Agency Energy
  • I-REC standard
  • TUV SUD
  • Statkraft
  • The Green Certificate Company Limited

第12章 付録

目次
Product Code: FB8983

Overview

Global Renewable Energy Certificate Market reached US$ 14.12 billion in 2024 and is expected to reach US$ 112.70 billion by 2032, growing with a CAGR of 26.32% during the forecast period 2025-2032.

The global energy landscape is changing dramatically, driven by the need to mitigate climate change and reduce greenhouse gas (GHG) emissions. Renewable Energy Certificates (RECs) have emerged as a vital instrument in this shift, providing a market-based solution to encourage renewable energy supply while tracking usage. This thorough analysis investigates the characteristics of the global REC market, including its evolution, segmentation, regulatory frameworks, main competitors, regional insights, market challenges and future trends.

Renewable Energy Certificates (RECs), sometimes known as green tags, represent the environmental and social benefits of producing one megawatt-hour (MWh) of electricity from renewable energy sources. RECs are distinct from the physical power generated, allowing for independent sale, trade or consumption. This distinction provides a flexible framework for enterprises to demonstrate their commitment to sustainable energy use, even if they cannot directly supply it.

While Asia-Pacific's emerging markets are leading the way in REC adoption, several countries are still in the early stages. However, countries like India and China are making considerable gains in incorporating RECs into their renewable energy targets. The region, particularly India, is seeing an increase in REC trade volumes. India's commitment to renewable energy is obvious, as evidenced by record-breaking transactions of 1.52 million RECs on the Indian Energy Exchange (IEX) in January 2024, which align with its expanding energy needs.

Dynamics

Rising Government Regulations

Governments around the world have put in place policies requiring the use of renewable energy and carbon offsets. Policies such as the EU Renewable Energy Directive and U.S. Clean Power Plan have played an important role in increasing demand for RECs. The restrictions compel energy producers to certify they're reaching renewable energy targets by issuing RECs.

In Asia-Pacific, the International Renewable Energy Certificate (I-REC) and the Tradable Instrument for Global Renewables (TIGR) are significant examples. The International Renewable Energy Certificate (I-REC) Standard is overseen by the I-REC Standard Foundation, based in the Netherlands. The I-REC Standard provides a global framework for certifying renewable energy production and consumption. It contributes to ensuring that renewable energy claims are consistently checked and validated in accordance with local regulations and market requirements.

Growing Energy Transition

As the world's energy shift to cleaner, renewable sources continues, the demand for RECs naturally increases. This is especially true in markets switching from fossil fuels to renewable energy, as RECs serve as verification that energy was generated sustainably. For instance, China's renewable energy sector, particularly PV technology, is making substantial progress. China is solidly on track to achieve its carbon neutrality goals by 2060.

Google has announced a cooperation with renewable energy company Intersect Power and investment firm TPG Rise Climate to create enough renewable energy to power several gigawatt-scale data centres. The total investment in renewable energy is projected at US$ 20 billion, with Intersect having already funded the first project. As part of the strategic three-party collaboration, Intersect Power will create new renewable energy infrastructure, with Google ensuring power offtake as the anchor tenant for newly built data centre campuses in co-located industrial parks. This ambitious project seeks to provide renewable energy for gigawatts of data centre capacity across U.S. and will be carried out in phases. The initial phase is planned to become operational by 2026, with full completion by 2027.

Complexity and Market Volatility

One of the most significant issues for the RECs business is a lack of uniformity and standardization between regions. For example, the I-REC system utilized worldwide does not always correspond to national certification systems, causing difficulties in cross-border business. The lack of harmonization raises transaction costs and administrative load.

REC prices can be highly volatile, based on factors such as demand fluctuations, policy changes and the availability of renewable energy. This uncertainty can make long-term planning difficult for businesses and dissuade potential buyers

Segment Analysis

The global renewable energy certificate market is segmented based on type, energy source, end-user and region.

Corporate Sustainability Commitments Drives Voluntary REC Segment

The voluntary REC segment is expected to dominate the global market in 2024. The voluntary REC industry is expanding rapidly, driven by corporate sustainability commitments and net-zero ambitions. Companies like Google, Microsoft and Amazon have established high renewable energy objectives, driving REC purchases in this sector.

In 2022, around 240 million RECs retired in voluntary markets, vs approximately 390 million RECs in compliance markets. The voluntary market encompasses a wide range of items, buyers and market situations. Different products package RECs and power differently, catering to different types of clients, ranging from residential families making relatively small buys to non-residential buyers making huge purchases.

Geographical Penetration

Production and Consumer Trends in North America

North America, particularly plays a dominant role in the global renewable energy certificate market, driven by both production and consumption factors. The region is primarily driven by a robust regulatory framework and government requirements for renewable energy. U.S. and Canada are the market leaders in terms of both issuance and acquisition of RECs.

Voluntary RECs are increasing popularity in U.S. due to business sustainability goals and tax incentives, such as the Inflation Reduction Act of 2022. This trend is especially noticeable in the data centre industry, where corporations are aggressively pursuing green Power Purchase Agreements (PPAs). Mexico's REC market is stable, with regulators aiming to entice smaller generators with standard changes and rate reductions. This program is projected to promote the development of International Renewable Energy Certificates (I-RECs), especially in sectors like retail and industry that want to certify their renewable energy use.

Competitive Landscape

The major global players in the market include Central Electricity Regulatory Commission, Green-e Energy, General Services Administration, Western Area Power Administration, U.S. Environment Protection Agency, Defense Logistics Agency Energy, I-REC standard, TUV SUD, Statkraft and The Green Certificate Company Limited.

Sustainability Analysis

The Renewable Energy Certificate (REC) market plays a vital role in driving sustainability efforts globally by incentivizing renewable energy production, reducing carbon emissions and facilitating the energy transition. By purchasing RECs organizations directly fund renewable energy projects like wind, solar, hydro and biomass, increasing global renewable energy capacity.

Regulatory mandates like Renewable Portfolio Standards (RPS) drive demand in compliance REC markets, ensuring a stable framework. Voluntary markets grow as more corporations commit to sustainability goals and adopt Science-Based Targets or net-zero pledges. Emerging platforms simplify REC purchasing for small businesses and individuals, expanding market participation.

The government and private entities' significant investment in renewable energy, notably large-scale solar power facilities, is propelling industry expansion. For example, in April 2023, U.S. Department of Energy (DOE) announced a US$ 52 million financial commitment for a carefully selected collection of 19 projects. This includes US$ 10 million supplied from the Bipartisan Infrastructure Law, aimed at strengthening the domestic solar supply chain in US.

Blockchain and Transparency in REC Trading

The use of blockchain technology in conjunction with AI can increase the transparency and security of REC transactions. Blockchain technology can generate a decentralized and unchangeable record of all REC purchases and sales, lowering fraud and increasing trust in the certification process. This will also boost the transparency of renewable energy projects and assist track the actual production of renewable energy in real-time.

According to Silke Mooldijk, the corporate climate responsibility expert at the NewClimate Institute, if tech businesses do not disclose transparent information, consumers may be unable to understand the climatic impact of AI and move their behavior towards different models. Google recognizes that unbundled renewable energy certificates do not cut emissions and has begun replacing them with clean energy.

Key Developments

  • In May 2024, the Indian Energy Exchange (IEX) recorded a 26.4% year-on-year rise in REC trading for the fiscal year 2024. This increase in both the number and value of RECs traded reflects India's growing need for renewable energy.
  • In February 2024, the Indian Wind Power Association Northern Region Council appealed the Central Electricity Regulatory Commission's (CERC) new 2022 legislation on renewable energy certificates. The outcome of this issue could significantly affect the REC market dynamics in India.

Why Purchase the Report?

  • To visualize the global renewable energy certificate market segmentation based on type, energy source, end-user and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development.
  • Excel data sheet with numerous renewable energy certificate market-level data points with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as excel consisting of key products of all the major players.

The global renewable energy certificate market report would provide approximately 62 tables, 53 figures and 201 pages.

Target Audience 2024

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies

Table of Contents

1. Methodology and Scope

  • 1.1. Research Methodology
  • 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

  • 3.1. Snippet by Type
  • 3.2. Snippet by Energy Source
  • 3.3. Snippet by End-User
  • 3.4. Snippet by Region

4. Dynamics

  • 4.1. Impacting Factors
    • 4.1.1. Drivers
      • 4.1.1.1. Rising Government Regulations
      • 4.1.1.2. Growing Energy Transition
    • 4.1.2. Restraints
      • 4.1.2.1. Complexity and Market Volatility
    • 4.1.3. Opportunity
    • 4.1.4. Impact Analysis

5. Industry Analysis

  • 5.1. Porter's Five Force Analysis
  • 5.2. Supply Chain Analysis
  • 5.3. Pricing Analysis
  • 5.4. Regulatory Analysis
  • 5.5. DMI Opinion

6. By Type

  • 6.1. Introduction
    • 6.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 6.1.2. Market Attractiveness Index, By Type
  • 6.2. Compliance RECs
    • 6.2.1. Introduction
    • 6.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 6.3. Voluntary RECs

7. By Energy Source

  • 7.1. Introduction
    • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Energy Source
    • 7.1.2. Market Attractiveness Index, By Energy Source
  • 7.2. Solar RECs
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 7.3. Wind RECs
  • 7.4. Hydro RECs
  • 7.5. Others

8. By End-User

  • 8.1. Introduction
    • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 8.1.2. Market Attractiveness Index, By End-User
  • 8.2. Industrial
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  • 8.3. Commercial
  • 8.4. Residential
  • 8.5. Governmental

9. By Region

  • 9.1. Introduction
    • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
    • 9.1.2. Market Attractiveness Index, By Region
  • 9.2. North America
    • 9.2.1. Introduction
    • 9.2.2. Key Region-Specific Dynamics
    • 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Energy Source
    • 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 9.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 9.2.6.1. US
      • 9.2.6.2. Canada
      • 9.2.6.3. Mexico
  • 9.3. Europe
    • 9.3.1. Introduction
    • 9.3.2. Key Region-Specific Dynamics
    • 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Energy Source
    • 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 9.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 9.3.6.1. Germany
      • 9.3.6.2. UK
      • 9.3.6.3. France
      • 9.3.6.4. Italy
      • 9.3.6.5. Spain
      • 9.3.6.6. Rest of Europe
  • 9.4. South America
    • 9.4.1. Introduction
    • 9.4.2. Key Region-Specific Dynamics
    • 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Energy Source
    • 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 9.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 9.4.6.1. Brazil
      • 9.4.6.2. Argentina
      • 9.4.6.3. Rest of South America
  • 9.5. Asia-Pacific
    • 9.5.1. Introduction
    • 9.5.2. Key Region-Specific Dynamics
    • 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Energy Source
    • 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
    • 9.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
      • 9.5.6.1. China
      • 9.5.6.2. India
      • 9.5.6.3. Japan
      • 9.5.6.4. Australia
      • 9.5.6.5. Rest of Asia-Pacific
  • 9.6. Middle East and Africa
    • 9.6.1. Introduction
    • 9.6.2. Key Region-Specific Dynamics
    • 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
    • 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Energy Source
    • 9.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

10. Competitive Landscape

  • 10.1. Competitive Scenario
  • 10.2. Market Positioning/Share Analysis
  • 10.3. Mergers and Acquisitions Analysis

11. Company Profiles

  • 11.1. Central Electricity Regulatory Commission
    • 11.1.1. Company Overview
    • 11.1.2. Product Portfolio and Description
    • 11.1.3. Financial Overview
    • 11.1.4. Key Developments
  • 11.2. Green-e Energy
  • 11.3. General Services Administration
  • 11.4. Western Area Power Administration
  • 11.5. U.S. Environment Protection Agency
  • 11.6. Defense Logistics Agency Energy
  • 11.7. I-REC standard
  • 11.8. TUV SUD
  • 11.9. Statkraft
  • 11.10. The Green Certificate Company Limited

LIST NOT EXHAUSTIVE

12. Appendix

  • 12.1. About Us and Services
  • 12.2. Contact Us