GOO trade can underpin hydrogen markets

Development of liquid market for guarantee-of-origin certificates seen as key stepping stone for emerging hydrogen sector

Trading in guarantee-of-origin (GOO) certificates can play a key role in developing global markets for hydrogen and low-carbon gaseous fuels including biomethane, according to speakers on a gas industry panel yesterday. The use of GOO certificates, which are already widely traded in electricity markets, can help to bring standardisation and liquidity to hydrogen markets, enabling industries to internalise the external cost of climate change. The certificates provide evidence to consumers that energy has been generated sustainably. Some 735.1TWh of renewable GOOs were cancelled in 2020, according to the Association of Issuing Bodies. “It’s about combining future schemes to provide for e