This encyclopedia is an ongoing project, constantly being updated with new and accurate information about the energy sector. It is a comprehensive resource for anyone interested in energy-related topics, from students to professionals. We strive to provide reliable and informative content for all our readers. Thank you for visiting and we hope you find this encyclopedia helpful in your endeavors.
Power Purchase Agreement (PPA) is a contract by which an electricity consumer undertakes to directly acquire his electricity supply from a designated, identified and renewable production asset.Read more
Renewable energy is a crucial part of the energy transition and achieving a sustainable future. As companies look for ways to support and promote clean energy, renewable energy attribute certificates, also known as Power Guarantees of Origin (GoOs) in Europe, have emerged as an important tool for incentivizing and tracking the growth of renewable energy assets.Read more
The ethical and sustainable acquisition of natural gas is referred to as Responsible Sourcing of Gas (RSG). This involves sourcing natural gas in a way that minimizes its ecological impact, protects the rights of workers and communities, and promotes good governance. Actions such as reducing greenhouse gas emissions, adopting renewable energy in production, and implementing stringent labor standards can be taken to ensure responsible sourcing.
As clients and stakeholders demand greater transparency from businesses, responsible sourcing is becoming more crucial in the energy industry. Additionally, responsible sourcing can enable companies to regulatory requirements and access new markets where responsible sourcing is a priority.
One of the major challenges facing businesses today is trust. Third-party intermediaries are often relied upon to address this issue, but they too require a certain level of trust. This is where blockchain technology and smart contracts come into play.Read more
As a business, it can be a challenge to track the journey of a product from start to finish. Supply chain transparency can be lacking in certain areas and tracing a product's physical properties can add further complexity. Understanding traceability is important for creating a more transparent supply chain and ensuring that products are ethically and sustainably sourced.Read more