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Renewable Energy Markets

There is a need for establishing the transition to renewable energies being the private sector a key factor
for achieving it. The renewable energy markets allow these companies to purchase clean energy and
through it is possible to demonstrate commitment. In order to accelerate the clean energy transition
organizations, start from reducing the energy consumption and invest in the development of renewable
energies strictures. The starting points might begin by inventing in high-quality renewable energy attribute
certificates such as the Gold Standard Renewable Energy Labels.

The projects applying the Gold Standard Renewable Energy label must:

- Add new renewable electricity to the grid.
- Contribute to the Sustainable Development Goals (SDGs).
- Establish safeguarding principles.
- Robust Monitoring, Reporting, and Verification (MRV).
- Engage local stakeholders.

Water Benefit Certificates

Water has been proclaimed as the single biggest risk the world is facing. For those organizations willing to
commit, it is possible to support water projects by purchasing Water Benefit Certificates (WBCs). The
certificate represents the volume of water sustainably supplied, purified or conserved.
There are different projects but each project must have the impact through two additional Sustainable
Development Goals and demonstrate the financial need for additional finance from selling WBCs.

Source: Environmental markets for sustainable development (NWC Consulting, 2015)

4.3 Certified SDGs Impact

The Gold Standard for the Global Goals permits the issuance of certified SDG impacts, which enables the
monetization of project’s impacts and provides assurance for achieved outcomes.

The certified SDG impacts that projects and interventions can use under Gold Standards are the following
(Gold Standard, 2019):