scholarly journals Individual Green Certificates on Blockchain: A Simulation Approach

2020 ◽  
Vol 12 (9) ◽  
pp. 3942 ◽  
Author(s):  
Fangyuan Zhao ◽  
Xin Guo ◽  
Wai Kin (Victor) Chan
Keyword(s):  
Renewable Energy ◽  
Low Cost ◽  
Information Communication ◽  
Consensus Protocol ◽  
Blockchain Technology ◽  
Tradable Green Certificates ◽  
Exciting Opportunity ◽  
Green Certificates ◽  
Voluntary Adoption ◽  
Green System

Distributed renewable energy offers an exciting opportunity for sustainable transition and climate change mitigation. However, it is overlooked in most of the conventional tradable green certificates programs. Blockchain shows an advantage of incorporating a galaxy of distributed prosumers in a transparent and low-cost manner. This paper proposes I-Green, a blockchain-based individual green certificates system for promoting voluntary adoption of distributed renewable energy. Combing the features of blockchain technology and the theories of social norm and peer effects, the novel green ratio incentive scheme and proof of generation consensus protocol are designed for I-Green. A blockchain simulator is constructed to evaluate the effectiveness and efficiency of I-Green system. The simulation results present its potential for facilitating widespread adoption of distributed generation, and confirm the feasibility of blockchain as the information communication technology (ICT).

scholarly journals Gain without pain: an international case for a tradable green certificates system to foster renewable energy development in Ukraine

2019 ◽  
Vol 17 (3) ◽  
pp. 464-476 ◽  
Author(s):  
Tetiana Kurbatova ◽  
Roman Sidortsov ◽  
Iryna Sotnyk ◽  
Oleksandr Telizhenko ◽  
Tetiana Skibina ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Electricity Consumption ◽  
Energy Development ◽  
Management Tool ◽  
Energy Sources ◽  
Green Electricity ◽  
Tradable Green Certificates ◽  
Renewable Energy Development ◽  
Green Certificates

This paper elaborates on the theoretical and methodological fundamentals of a tradable green certificates system to foster renewable energy development in Ukraine. It proposes a management mechanism premised on the classical market model of tradable green certificates aiming at increasing the share of electricity from renewable energy sources in the country’s energy mix. Organizational stages of the mechanism formation at the national level and a methodological approach to assess green electricity generation cost are developed. The modeling has shown that the annual increase in the cap for green electricity consumption by 1% will raise the electricity tariff by 3%, which is not a significant financial burden for consumers. The proposed changes in the tradable green certificates system can be an effective management tool to achieve the required amount of electricity from renewable energy sources in the country’s total electricity consumption and to foster the development of the Ukrainian renewable energy sector.

scholarly journals Emergence of blockchain-technology application in peer-to-peer electrical-energy trading: a review

Clean Energy ◽  
2021 ◽  
Vol 5 (1) ◽  
pp. 104-123
Author(s):  
Manish Kumar Thukral
Keyword(s):  
Renewable Energy ◽  
Renewable Energy Sources ◽  
Research Work ◽  
Energy Sector ◽  
Peer To Peer ◽  
Renewable Energy Resources ◽  
Energy Trading ◽  
Technology Application ◽  
Blockchain Technology ◽  
The Common

Abstract Renewable-energy resources require overwhelming adoption by the common masses for safeguarding the environment from pollution. In this context, the prosumer is an important emerging concept. A prosumer in simple terms is the one who consumes as well as produces electricity and sells it either to the grid or to a neighbour. In the present scenario, peer-to-peer (P2P) energy trading is gaining momentum as a new vista of research that is viewed as a possible way for prosumers to sell energy to neighbours. Enabling P2P energy trading is the only method of making renewable-energy sources popular among the common masses. For making P2P energy trading successful, blockchain technology is sparking considerable interest among researchers. Combined with smart contracts, a blockchain provides secure tamper-proof records of transactions that are recorded in distributed ledgers that are immutable. This paper explores, using a thorough review of recently published research work, how the existing power sector is reshaping in the direction of P2P energy trading with the application of blockchain technology. Various challenges that are being faced by researchers in the implementation of blockchain technology in the energy sector are discussed. Further, this paper presents different start-ups that have emerged in the energy-sector domain that are using blockchain technology. To give insight into the application of blockchain technology in the energy sector, a case of the application of blockchain technology in P2P trading in electrical-vehicle charging is discussed. At the end, some possible areas of research in the application of blockchain technology in the energy sector are discussed.

scholarly journals The United States can keep the grid stable at low cost with 100% clean, renewable energy in all sectors despite inaccurate claims

2017 ◽  
Vol 114 (26) ◽  
pp. E5021-E5023 ◽  
Author(s):  
Mark Z. Jacobson ◽  
Mark A. Delucchi ◽  
Mary A. Cameron ◽  
Bethany A. Frew
Keyword(s):  
United States ◽  
Renewable Energy ◽  
Low Cost ◽  
The United States

scholarly journals Pretreatments of lignocellulosic feedstock for bioethanol production

2010 ◽  
Vol 64 (4) ◽  
pp. 283-293 ◽  
Author(s):  
Zlatica Predojevic
Keyword(s):  
Renewable Energy ◽  
Co2 Emission ◽  
Fossil Fuels ◽  
Low Cost ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Bioethanol Production ◽  
Environment Protection ◽  
Lignocellulosic Feedstock ◽  
Lignocellulosic Feedstocks

The use of renewable energy sources (biofuels), either as a component in the conventional fossil fuels, gasoline and diesel, or as a pure biofuel, contributes to energy saving and decrease of total CO2 emission. The use of bioethanol mixed with gasoline significantly decreases gasoline consumption and contributes to environment protection. One of the problems in the production of bioethanol is the availability of sugar and starch based feedstock used for its production. However, lignocellulosic feedstocks are becoming more significant in the production of bioethanol due to their availability and low cost. The aim of this study is to point out the advantages and shortcomings of pretreatment processes and hydrolyses of lignocellulosic feedstocks that precede their fermentation to bioethanol.

scholarly journals Development of a Micro grid with Renewable Energy Sources with Feedback Controller

2019 ◽  
Vol 8 (11) ◽  
pp. 2014-2018
Keyword(s):  
Renewable Energy ◽  
Electricity Generation ◽  
Low Cost ◽  
Renewable Energy Sources ◽  
Electrical Power ◽  
Energy Sources ◽  
Military Operations ◽  
Urban Centers ◽  
Industrial Projects ◽  
Micro Grid

To make micro grid with renewable energy and to over come the technical challenges and economy base and policy and regulatory challenges . From the natural wastage we can generate the Electricity. Thus, the Electrical Power or Electricity is available with a low cost and pollution free to anyplace in the world at all times. This process divulge a unequaled step in electricity generation and this type of generation is maintain the ecological balance. We can have an uninterrupted power supply irrespective of the natural condition without any kind of environmental pollution. More influence this process relent the less production cost for electricity generation. Micro grids have long been used in remote areas to power off-grid villages, military operations or industrial projects. But increasingly they are being used in cities or towns, in urban centers. Here we try a proto type of micro grid with renewable energy sources.

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