Iceland is a member of the common internal market for electricity in Europe. Electricity producers in the EU member states can use green certificates to confirm green production sources in the internal market.
In recent years, the European Union (EU) has worked towards minimizing greenhouse gas emissions, in order to comply with its commitments under the 1997 Kyoto Protocol.
The directive, RES-E (2001/77/EC), was introduced to encourage energy production from renewable sources, or green energy. The directive sets the goals of EU member states for increasing their proportions of renewable energy sources. In December 2009, a proposal for a new directive, 2009/28/EC, was agreed upon by the EU member states and by the European Parliament.
Iceland's ministry of Industry is currently working on introducing the new directive and Landsvirkjun has participated in that work. When the new directive has been introduced Landsvirkjun will be able to sell new certificates from power plants built after midyear 2009 which can help member states to meet their 2020 targets
For more information, please contact us: green-certificates at lv.is.