Eastern European GoO's market development: Greenfact webinar recap

Last week on 12 May 2022, Greenfact hosted the webinar "Europe's next green power hub: Overview of the Eastern European Guarantees of Origin markets" the second Greenfact webinar of the year and had ninety-five registrants attending.

As Europe increases its ambition to reduce its dependence on Russian fossil fuels, pressure has mounted on EU member states to accelerate their energy transition. This has been a dilemma for many Eastern European countries that have long been dependent on fossil fuels, but geopolitical threats and challenges hinder the energy source diversification efforts.

Nevertheless renewable energy development potential within Eastern Europe has sparked investor interest lately. As the Eastern European energy transition progresses, efficient energy attribute tracking systems will be an area of focus.

Renewable energy analyst Selma P. Utonih from Greenfact was the first to present giving an overview of the GoO market in existing Eastern European members and the policies supporting renewable expansion within the region.

This was followed by a presentation by Naida Taso, an Electricity Market and Renewables Expert at Energy Community, who gave updates on the developments in Energy Community's implementation of GoO systems in eight new Eastern European countries. She also discussed some of the challenges and opportunities that exist in creating vital green certificate markets in the region.

Below are the key takeaways from the webinar.