From NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

I would not bother reading the whole article. It’s s statement of the bloomin obvious, making an argument I have been arguing for years:

Big companies are increasingly setting voluntary greenhouse gas emissions reduction targets that are derived from the 1.5 C temperature goal of the Paris Agreement. As part of these science-based targets or longer-term net-zero targets, companies commit to rapidly reducing the emissions that come from their electricity consumption.

One approach is to purchase renewable energy certificates, which represent solar, wind and other green energies flowing into the electricity grid.

Our new study shows that companies largely rely on renewable energy certificates to report steep electricity emissions reductions and that this is unlikely to actually reduce emissions.

https://theconversation.com/most-companies-buying-renewable-energy-certificates-arent-actually-reducing-emissions-183176

Put simply, whilst companies may buy these certificates, called REGOs, the renewable electricity they are created for would have been generated anyway.

The only possible way REGOs could incentivise more renewable generation is if they were of a much higher value. Unfortunately in themselves they have very little value at all. The only value for companies, and indeed customers signing up for green energy deals, lies in virtue signalling.

And that is not something any business is willing to pay more than a pittance for.