IEEE P3240.04

New IEEE Standard - Active - Draft.
The renewable energy certificates are recognized proofs of renewable energy consumption, which can reflect its the environmental value and help enterprises to cope with carbon emission reduction pressure. This standard specifies the basic principles, overall framework, and related requirements for renewable energy certificates trading based on blockchain. The purpose is to realize the trusted circulation and large-scale trading of renewable energy certificates on a global scale, further promote the development of global renewable energy and climate governance processes.

This standard specifies the basic principles, overall framework, and related requirements for renewable energy certificates trading based on blockchain.
The purpose of this standard is to achieve trust recording and refined management of key data in the entire lifecycle of renewable energy certificates (RECs) transactions based on blockchain technology. The standard defines methods that enable authenticity and uniqueness of RECs in the circulation and trading process, by avoiding risk issues such as data forgery and tampering. Use of this standard supports increased renewable energy consumption in society to further enable low-carbon energy transformation.