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IEEE Standard for Blockchain-Based Renewable Energy Certificates Trading Technical Specifications
New IEEE Standard - Active.
The renewable energy certificates are recognized proofs of renewable energy consumption, which can reflect its environmental value and help enterprises to cope with carbon emission reduction pressure.
This standard specifies the basic principles, overall framework, and related requirements for renewable energy certificates trading based on blockchain.
The purpose is to realize the trusted circulation and large-scale trading of renewable energy certificates on a global scale, further promote the development of global renewable energy and climate governance processes.
This standard specifies the basic principles, overall framework, and related requirements for renewable energy certificate trading based on blockchain.
The purpose of this standard is to achieve trust in recording and refined management of key data throughout the lifecycle of renewable energy certificate (REC) transactions using blockchain technology.
The standard defines methods that ensure the authenticity and uniqueness of RECs throughout the circulation and trading process, thereby mitigating risks such as data forgery and tampering.
Use of this standard supports increased renewable energy consumption in society to further enable low-carbon energy transformation.
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