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1880438

可再生能源證書市場預測至2032年：按類型、能源來源、發電工程容量、最終用戶和地區分類的全球分析

Renewable Energy Certificate Market Forecasts to 2032 - Global Analysis By Type, Energy Source, Capacity of Generation Project, End User, and By Geography
出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3個工作天內

價格

根據 Stratistics MRC 的研究，預計 2025 年全球可再生能源證書市場價值為 232 億美元，到 2032 年將達到 495 億美元。

預計在預測期內，可再生能源證書（REC）將以11.4%的複合年成長率成長。 REC是一種用於追蹤和交易證書的系統，這些證書代表了再生能源來源發電的環境屬性。它透過合規性和自願性機制將發電企業、公用事業公司、企業和交易商聯繫起來。其優點包括：靈活的、基於市場的機制，以支持可再生能源的部署；綠色電力追蹤的透明度；實現永續性和監管目標的途徑；以及在不改變電力實際流動的情況下，為可再生能源計劃所有者提供額外的收入來源。

企業永續性舉措

隨著全球企業承諾實現碳中和或100%使用可再生能源，再生能源證書（REC）為支持這些承諾提供了一種靈活且即時的方式。 REC允許企業在不改變實際電力供應的情況下抵消其碳足跡並檢驗綠色能源消耗。來自商業和產業部門的這種激增需求催生了一個強大的自願市場，該市場與合規主導的需求相輔相成，從根本上擴大了市場規模和流動性。

檢驗和透明度的挑戰

追蹤系統的不一致性以及重複累計和詐欺的可能性削弱了認證的公信力，並引發了人們對環境聲明的質疑。這種缺乏普遍標準化的做法有可能削弱買家的信心，並阻礙投資，尤其是那些希望用確鑿證據來證明其綠色貢獻的機構。因此，這些挑戰可能會抑制市場成長，並限制完全透明的可再生能源證書（REC）所能獲得的溢價。

綠氫能認證

要認證氫氣為「綠色」能源，必須檢驗其生產所使用的電力是否來自再生能源來源。再生能源證書（REC）是提供這種保證的理想手段，它創造了一種全新的、高價值的認證體系。這項應用不僅拓展了市場，使其涵蓋這種前景廣闊的新能源載體，還提升了致力於氫氣生產的可再生能源計劃的價值提案，從而為未來的市場合作創造重要機會。

PPA競賽

尋求更大議價能力和長期價格穩定的企業正擴大繞過再生能源證書（REC），直接與電力生產商簽訂實體或虛擬購電協議（PPA）。雖然REC提供了彈性，但PPA能更直接地保障企業取得新建可再生能源計劃的額外資金。這種企業籌資策略的轉變可能會抑制自願性REC市場的成長，尤其是在規模更大、更成熟的能源買家群體中。

新冠疫情的感染疾病：

疫情初期，再生能源證書（REC）市場因計劃建設延誤和供應鏈瓶頸而受到衝擊，證書供應暫時受限。此外，經濟的不確定性導致一些公司推遲了與永續發展相關的支出，短期內削弱了自願購買的需求。然而，隨著商業活動的恢復，市場展現出強大的韌性並迅速反彈。此外，此次危機提升了全球對環境、社會和治理（ESG）原則的關注度，最終強化了企業對清潔能源的長期承諾，為疫情後市場的復甦和擴張奠定了基礎。

預計在預測期內，合規領域將佔據最大的市場佔有率。

合規領域預計將佔據最大的市場佔有率，這主要受政府法律法規和監管政策的驅動。例如，美國的《可再生能源組合標準》（RPS）以及全球類似的機制，都以法律形式強制要求公共產業和大型能源供應商必須從再生能源來源中採購一定比例的電力。可再生能源證書（REC）為這些供應商提供了一種證明其符合相關法規的方式。這形成了一個穩定且不可動搖的需求基礎，佔據了當前市場規模的很大一部分。

預計在預測期內，小規模企業細分市場將實現最高的複合年成長率。

受全球分散式能源發電趨勢的推動，小規模市場預計將經歷最高的成長率。這包括住宅和商業太陽能及風能系統的快速普及。此外，有利的淨計量政策和技術成本的下降，使得更多消費者能夠成為產消者（既是生產者又是消費者）。由於這些小規模裝置會為每單位發電發放可再生能源證書（REC），大規模能源專案正在迅速擴張，其速度超過了大規模公共產業計劃。

佔比最大的地區：

預計北美將在整個預測期內保持最大的市場佔有率。這主要得益於美國成熟的市場，以及完善的法規結構，特別是各州層級的可再生能源組合標準（RPS）。這持續推高了對合規再生能源證書（REC）的需求。此外，該地區還擁有高度活躍的自願性市場，企業永續發展領導者積極購買REC以實現其雄心勃勃的環境目標。先進的追蹤系統和高流動性進一步鞏固了北美在總價值和交易量方面的市場領導地位。

年複合成長率最高的地區：

亞太地區預計將在預測期內呈現最高的複合年成長率，這主要得益於中國、印度和日本等國大規模可再生能源裝置容量的增加。各國政府正在實施積極的國家可再生能源目標並建立各自的合規市場，這直接刺激了對再生能源證書（REC）的需求。此外，該地區快速成長的產業部門也積極採納自願性永續性目標，從而形成另一個成長通道。由上而下的政策支持和自下而上的企業需求相結合，為市場指數級成長創造了強勁的環境。

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目錄

第1章執行摘要

第2章 前言

  • 概述
  • 相關利益者
  • 調查範圍
  • 調查方法
    • 資料探勘
    • 數據分析
    • 數據檢驗
    • 研究途徑
  • 研究材料
    • 原始研究資料
    • 次級研究資訊來源
    • 先決條件

第3章 市場趨勢分析

  • 介紹
  • 促進要素
  • 抑制因素
  • 機會
  • 威脅
  • 終端用戶分析
  • 新興市場
  • 新冠疫情的影響

第4章 波特五力分析

  • 供應商的議價能力
  • 買方的議價能力
  • 替代品的威脅
  • 新進入者的威脅
  • 競爭對手之間的競爭

5. 全球可再生能源證書市場（按類型分類）

  • 介紹
  • 遵守
  • 自願

6. 全球可再生能源證書市場（按能源來源）

  • 介紹
  • 太陽能發電
  • 風力
  • 水力發電
  • 生質能/生質能源
  • 地熱
  • 其他能源來源

7. 全球可再生能源證書市場（按發電工程容量分類）

  • 介紹
  • 小規模
  • 中號
  • 大規模

8. 全球可再生能源證書市場（按最終用戶分類）

  • 介紹
  • 公共產業和能源供應商
  • 商業和工業（C&I）消費者
  • 住宅消費者
  • 政府機構

9. 全球可再生能源證書市場（按地區分類）

  • 介紹
  • 北美洲
    • 美國
    • 加拿大
    • 墨西哥
  • 歐洲
    • 德國
    • 英國
    • 義大利
    • 法國
    • 西班牙
    • 其他歐洲
  • 亞太地區
    • 日本
    • 中國
    • 印度
    • 澳洲
    • 紐西蘭
    • 韓國
    • 亞太其他地區
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地區
  • 中東和非洲
    • 沙烏地阿拉伯
    • 阿拉伯聯合大公國
    • 卡達
    • 南非
    • 其他中東和非洲地區

第10章：重大進展

  • 協議、夥伴關係、合作和合資企業
  • 收購與併購
  • 新產品上市
  • 業務拓展
  • 其他關鍵策略

第11章 企業概況

  • AFS Energy BV
  • Climate Impact Partners Limited
  • 3Degrees, Inc.
  • Ecohz AS
  • REDEX Pte. Ltd.
  • Shell Energy North America（US）, LP
  • ENGIE SA
  • Evolugen by Brookfield Renewable
  • EDF Trading Limited
  • Grid Controller of India Limited（GRID-INDIA）
  • Enel SpA
  • Statkraft AS
  • Sterling Planet, Inc.
  • South Pole Holding AG
  • STX Commodities BV
Product Code: SMRC32642

According to Stratistics MRC, the Global Renewable Energy Certificate Market is accounted for $23.2 billion in 2025 and is expected to reach $49.5 billion by 2032, growing at a CAGR of 11.4% during the forecast period. The renewable energy certificate tracks and trades certificates that represent the environmental attributes of electricity generated from renewable sources. It connects generators, utilities, corporations, and traders through compliance and voluntary schemes. Benefits include a flexible, market-based mechanism to support renewable deployment, transparency in tracking green power, an instrument for meeting sustainability and regulatory targets, and additional revenue streams for renewable project owners without altering physical power flows.

Market Dynamics:

Driver:

Corporate Sustainability Commitments

As companies worldwide publicly commit to carbon neutrality and 100% renewable energy usage, RECs offer a flexible and immediate mechanism to substantiate these claims. They allow corporations to offset their carbon footprint and verify green energy consumption without altering their physical power supply arrangements. This surging demand from the commercial and industrial sector is creating a robust, voluntary market that complements compliance-driven demand, fundamentally expanding the market's scope and liquidity.

Restraint:

Verification and Transparency Issues

Inconsistent tracking systems and the potential for double-counting or fraud can undermine the integrity of certificates, casting doubt on their environmental claims. This lack of universal standardization erodes buyer confidence and can deter investment, particularly from entities seeking irrefutable proof of their green contributions. Consequently, these issues can suppress market growth and limit the premium value that fully transparent RECs can command.

Opportunity:

Green Hydrogen Certification

Certifying hydrogen as "green" necessitates verifying that the electricity used in its production is from renewable sources. RECs are the ideal instrument to provide this guarantee, creating a new and high-value certification stream. This application not only broadens the market's reach into a promising new energy vector but also enhances the value proposition of renewable energy projects dedicated to hydrogen production, thereby unlocking a significant and synergistic future market.

Threat:

Competition from PPAs

Corporations seeking more impactful and long-term price stability are increasingly bypassing RECs to sign physical or virtual PPAs directly with generators. While RECs offer flexibility, PPAs provide a more direct claim to additionality funding new renewable projects. This shift in corporate procurement strategy could potentially cap the growth of the voluntary REC market, especially among larger, sophisticated energy buyers.

Covid-19 Impact:

The pandemic initially disrupted the REC market through project construction delays and supply chain bottlenecks, which temporarily constrained certificate supply. Furthermore, economic uncertainty led some corporations to defer sustainability spending, softening voluntary demand in the short term. But the market showed tenacity, rebounding quickly as business activity picked back up. Moreover, the crisis amplified the global focus on ESG principles, ultimately reinforcing long-term corporate clean energy commitments and setting the stage for a strong post-pandemic market recovery and expansion.

The compliance segment is expected to be the largest during the forecast period

The compliance segment is projected to hold the largest market share, primarily driven by binding government mandates and regulatory policies. Legislation such as Renewable Portfolio Standards (RPS) in the U.S. and similar mechanisms globally legally obligate utilities and large energy suppliers to source a specific portion of their electricity from renewable sources. RECs are the way for these groups to show that they are following the rules. This creates a steady, non-negotiable demand base that makes up the bulk of the current market volume.

The small-scale segment is expected to have the highest CAGR during the forecast period

The small-scale segment is anticipated to achieve the highest growth rate, fueled by the global trend towards distributed energy generation. This includes rapid adoption of residential and commercial-scale solar PV and wind systems. Furthermore, supportive net metering policies and falling technology costs are empowering more consumers to become prosumers. Each unit of electricity produced by these small installations can be linked to a Renewable Energy Certificate (REC), leading to a large and quickly growing supply that is increasing faster than bigger utility projects.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share, attributed to its well-established regulatory framework, particularly the mature U.S. market governed by state-level Renewable Portfolio Standards (RPS). This creates a consistent, high-volume demand for compliance RECs. Additionally, the region boasts a highly active voluntary market, with corporate sustainability leaders aggressively purchasing RECs to meet ambitious environmental goals. The presence of sophisticated tracking systems and high liquidity further cements North America's position as the current market leader in terms of overall value and volume.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is expected to exhibit the highest CAGR, driven by the massive renewable energy capacity additions in countries like China, India, and Japan. Governments are implementing aggressive national renewable energy targets and developing their own compliance markets, which directly spur REC demand. Moreover, the region's burgeoning industrial sector is increasingly adopting voluntary sustainability targets, creating a parallel growth stream. This combination of top-down policy support and bottom-up corporate demand creates a potent environment for exponential market expansion.

Key players in the market

Some of the key players in Renewable Energy Certificate Market include AFS Energy B.V., Climate Impact Partners Limited, 3Degrees, Inc., Ecohz AS, REDEX Pte. Ltd., Shell Energy North America (US), L.P., ENGIE S.A., Evolugen by Brookfield Renewable, EDF Trading Limited, Grid Controller of India Limited (GRID-INDIA), Enel S.p.A., Statkraft AS, Sterling Planet, Inc., South Pole Holding AG, and STX Commodities B.V.

Key Developments:

In July 2025, Ecohz strengthened its biomethane offering by acquiring the ISCC EU certification, which certifies the sustainability of renewable gas solutions and enables issuing biomethane certificates for voluntary and compliance markets including the EU Emissions Trading System.

In February 2024 Statkraft signed a Virtual Power Purchase Agreement with Air Liquide for the purchase of RECs from new wind farms in Poland, expected to reduce 38,000 tonnes of CO2 annually.

Types Covered:

  • Compliance
  • Voluntary

Energy Sources Covered:

  • Solar Power
  • Wind Power
  • Hydroelectric Power
  • Biomass/Bioenergy
  • Geothermal
  • Other Energy Sources

Capacity of Generation Projects Covered:

  • Small-Scale
  • Mid-Scale
  • Large-Scale

End Users Covered:

  • Utilities and Energy Suppliers
  • Corporate and Industrial (C&I) Consumers
  • Residential Consumers
  • Government Entities

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 End User Analysis
  • 3.7 Emerging Markets
  • 3.8 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Renewable Energy Certificate Market, By Type

  • 5.1 Introduction
  • 5.2 Compliance
  • 5.3 Voluntary

6 Global Renewable Energy Certificate Market, By Energy Source

  • 6.1 Introduction
  • 6.2 Solar Power
  • 6.3 Wind Power
  • 6.4 Hydroelectric Power
  • 6.5 Biomass/Bioenergy
  • 6.6 Geothermal
  • 6.7 Other Energy Sources

7 Global Renewable Energy Certificate Market, By Capacity of Generation Project

  • 7.1 Introduction
  • 7.2 Small-Scale
  • 7.3 Mid-Scale
  • 7.4 Large-Scale

8 Global Renewable Energy Certificate Market, By End User

  • 8.1 Introduction
  • 8.2 Utilities and Energy Suppliers
  • 8.3 Corporate and Industrial (C&I) Consumers
  • 8.4 Residential Consumers
  • 8.5 Government Entities

9 Global Renewable Energy Certificate Market, By Geography

  • 9.1 Introduction
  • 9.2 North America
    • 9.2.1 US
    • 9.2.2 Canada
    • 9.2.3 Mexico
  • 9.3 Europe
    • 9.3.1 Germany
    • 9.3.2 UK
    • 9.3.3 Italy
    • 9.3.4 France
    • 9.3.5 Spain
    • 9.3.6 Rest of Europe
  • 9.4 Asia Pacific
    • 9.4.1 Japan
    • 9.4.2 China
    • 9.4.3 India
    • 9.4.4 Australia
    • 9.4.5 New Zealand
    • 9.4.6 South Korea
    • 9.4.7 Rest of Asia Pacific
  • 9.5 South America
    • 9.5.1 Argentina
    • 9.5.2 Brazil
    • 9.5.3 Chile
    • 9.5.4 Rest of South America
  • 9.6 Middle East & Africa
    • 9.6.1 Saudi Arabia
    • 9.6.2 UAE
    • 9.6.3 Qatar
    • 9.6.4 South Africa
    • 9.6.5 Rest of Middle East & Africa

10 Key Developments

  • 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 10.2 Acquisitions & Mergers
  • 10.3 New Product Launch
  • 10.4 Expansions
  • 10.5 Other Key Strategies

11 Company Profiling

  • 11.1 AFS Energy B.V.
  • 11.2 Climate Impact Partners Limited
  • 11.3 3Degrees, Inc.
  • 11.4 Ecohz AS
  • 11.5 REDEX Pte. Ltd.
  • 11.6 Shell Energy North America (US), L.P.
  • 11.7 ENGIE S.A.
  • 11.8 Evolugen by Brookfield Renewable
  • 11.9 EDF Trading Limited
  • 11.10 Grid Controller of India Limited (GRID-INDIA)
  • 11.11 Enel S.p.A.
  • 11.12 Statkraft AS
  • 11.13 Sterling Planet, Inc.
  • 11.14 South Pole Holding AG
  • 11.15 STX Commodities B.V.

List of Tables

  • Table 1 Global Renewable Energy Certificate Market Outlook, By Region (2024-2032) ($MN)
  • Table 2 Global Renewable Energy Certificate Market Outlook, By Type (2024-2032) ($MN)
  • Table 3 Global Renewable Energy Certificate Market Outlook, By Compliance (2024-2032) ($MN)
  • Table 4 Global Renewable Energy Certificate Market Outlook, By Voluntary (2024-2032) ($MN)
  • Table 5 Global Renewable Energy Certificate Market Outlook, By Energy Source (2024-2032) ($MN)
  • Table 6 Global Renewable Energy Certificate Market Outlook, By Solar Power (2024-2032) ($MN)
  • Table 7 Global Renewable Energy Certificate Market Outlook, By Wind Power (2024-2032) ($MN)
  • Table 8 Global Renewable Energy Certificate Market Outlook, By Hydroelectric Power (2024-2032) ($MN)
  • Table 9 Global Renewable Energy Certificate Market Outlook, By Biomass/Bioenergy (2024-2032) ($MN)
  • Table 10 Global Renewable Energy Certificate Market Outlook, By Geothermal (2024-2032) ($MN)
  • Table 11 Global Renewable Energy Certificate Market Outlook, By Other Energy Sources (2024-2032) ($MN)
  • Table 12 Global Renewable Energy Certificate Market Outlook, By Capacity of Generation Project (2024-2032) ($MN)
  • Table 13 Global Renewable Energy Certificate Market Outlook, By Small-Scale (2024-2032) ($MN)
  • Table 14 Global Renewable Energy Certificate Market Outlook, By Mid-Scale (2024-2032) ($MN)
  • Table 15 Global Renewable Energy Certificate Market Outlook, By Large-Scale (2024-2032) ($MN)
  • Table 16 Global Renewable Energy Certificate Market Outlook, By End User (2024-2032) ($MN)
  • Table 17 Global Renewable Energy Certificate Market Outlook, By Utilities and Energy Suppliers (2024-2032) ($MN)
  • Table 18 Global Renewable Energy Certificate Market Outlook, By Corporate and Industrial (C&I) Consumers (2024-2032) ($MN)
  • Table 19 Global Renewable Energy Certificate Market Outlook, By Residential Consumers (2024-2032) ($MN)
  • Table 20 Global Renewable Energy Certificate Market Outlook, By Government Entities (2024-2032) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.