What is 'renewable energy certificate' in SAP EHS-CI - SAP Carbon Impact?

renewable energy certificate - Overview

• Component: EHS-CI

• Component Name: SAP Carbon Impact

• Description: Tradable environmental commodities in the U.S. that represent proof that 1 megawatt-hour MWh of electricity was generated from an eligible renewable energy resource. These certificates can be sold and traded or bartered, and the owner of the REC can claim to have purchased renewable energy.

renewable energy certificate - Details

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  Key Concepts: 
  A renewable energy certificate (REC) is a tradable commodity that represents the environmental attributes of one megawatt-hour (MWh) of electricity generated from a renewable energy source. RECs are issued by governments or other regulatory bodies to promote the development of renewable energy sources. 
  
  How to use it: 
  The EHS-CI SAP Carbon Impact component allows companies to track and manage their renewable energy certificates. Companies can use the component to monitor their RECs, track their progress towards sustainability goals, and report on their carbon emissions. 
  
  Tips & Tricks: 
  When tracking and managing RECs, it is important to ensure that the certificates are valid and up-to-date. Companies should also be aware of any changes in regulations or policies that may affect their RECs. 
  
  Related Information: 
  The EHS-CI SAP Carbon Impact component is part of the SAP Environment, Health, and Safety (EHS) suite of products. The suite provides companies with tools to manage their environmental, health, and safety compliance requirements.