Trading infrastructure already exists for GOOs
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
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges
