EthaVerseDAO — RECs-backed solution for real-world problems
Renewable energy credits
In recent years, there has been a growing interest in obtaining energy from renewable energy sources. This is mainly due to their ability to produce energy that does not pollute the environment. Green energy development also contributes towards increased employment and improves local resources. Therefore, global efforts are being made to create mechanisms to facilitate wider market penetration. In order for RECs to be competitive with conventional resources, it is necessary to improve the technologies that convert them into energy, expand the market and facilitate their financing.
One of the modern mechanisms for stimulating the use of renewable is the introduction of the system of RECs, which can help expand the market and support in obtaining funding. They are also used as a means of proving the origin of electricity from renewables, gaining value as a result of the unconventional resources associated with them which have the ability to save carbon emissions. Demand for them can be voluntary, caused by the introduction of fiscal incentives, or as a result of imposing obligations on different participants in the energy market. Voluntariness relies on the willingness to pay for these certificates due to the environmental friendliness of production, and no government intervention is required.
How would EthaVerseDAO contribute towards the Renewable Energy Market?
Renewable energy producers receive these renewable energy certificates in order to make a profit, in addition to the price of energy. Fossil-fuel energy suppliers are required to purchase RECs, but they pass the costs on to the final bill paid by consumers, including the general public. The problem comes from the fact that each country’s energy suppliers purchase only very limited number of RECs which is return is not favorable to the renewable energy sector.
This is where EthaVerseDAO comes into action. Thanks to the blockchain technology, we can bring together contributors from all over the world and create a massive impact. By backing ETHA tokens with RECs we would drive the price of RECs higher which in return would greatly stimulate the renewable energy market participants. As the price of RECs continues rising traditional fossil-fuel energy suppliers would be forced to increase consumer’ electricity bills which would eventually motivate both people and companies to consider renewable energy as their main energy source.
What is more, EthaVerse will be actively participating in green energy events focusing on building partnerships with green energy companies. It is of great importance to be fully involved in every aspect of the green ecosystem. Our mission to create a greener planet is a goal that involves great dedication, resources, research, development, partnerships and time. We are optimistic and highly motivated to create an organization which would provide people with a tool where contributors will not only be incentivized monetarily but will also be collectively contributing a good cause for the planet Earth.
There is no more delaying! The time for a change is now!
Stay tuned for our next articles where we will be discussing important aspects regarding the ETHA token roadmap.
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