Current pledges for action by 2030, even if delivered in full, would mean a rise in global heating of about 2.5C, a level that would condemn the world to catastrophic climate breakdown, according to the UN’s climate agency.
“So when we need collective action at the global level, probably more than ever since the second world war, to keep the planet stable, we have an all-time low in terms of our ability to collectively act together.”
Rockström, director of the Potsdam Institute for Climate Impact Research.
We need to ensure people and businesses are incentivised in as many ways as possible to 'greenify' their existence on the planet. Our Green Wallet token provides proof that the energy they are producing is indeed sustainable and is not another 'green wash'.
Without the sun it would not be possible to sustain life on earth. It is responsible for making plants grow, heating our planet, making us feel good and giving us energy
According to study made by R. Perez et al, the sun is capable of providing 23,000 Terra Watts in a year almost twice what the world uses in electricity today.
Despite appearance even places like Ireland the nordic countries have the ability to generate solar power. Many individuals and businesses in these countries have the ability to halve their carbon emissions and drastically reduce their costs.
Solar photo voltaic panels take the energy from the sun and convert it into electrical energy. The best commercially available panels today use mono crystalline technology which means more of the suns rays are converted into useful energy. If you can it is always good to have your panels facing south.
Maximum Power Point trackers help you get the most from your panels and are usually built into a charge controller, optimising the harvesting of energy from the sun under different conditions and feeding this into your houses electrical system and or storing it in batteries.
The electricity produced by solar is constant or direct current DC. Whilst this is fine for charging batteries and using with certain devices most appliances in the home run on A/C or alternating current. For this reason an inverter needs to be used in the system to convert to alternating current.
If you are producing more electricity than you need you can store the excess in batteries. You might have a spike in your usage at 7 am in the morning when everyone is getting ready to go to school and work but your solar array may only be producing a fraction of what you need. Batteries can be used to fill these gaps as well as providing a mens of storing off-peak or night time electricity at the best rates. Batteries can save you money and the planet in one go!
Even if you are producing tons of solar power it is always good to have the option of connecting to the grid. The grid can provide a backup for when you are not producing enough electricity to satisfy the daily demand and also a means of selling any excess electricity you may produce in the spring and summer months. Electricity providers (utilities) will pay you a feed-in tariff for any electricity you feed back into the grid. You should always check with your provider to ensure you are getting the best rates.
It is always a good idea to ensure you are using the least amount of electricity you can in a house or business. Not only will this save you money (and the planet) but make for a more comfortable environment. Check things such as doors and windows to ensure they are not leaking. Good insulation will always pay for itself and prevent you from losing heat from your roof, walls and doors. Once the above is done you can look see how you can balance your energy requirements throughout the day, month or year.
Inverter manufacturers usually provide a app to monitor your solar energy production. There are, however other providers who provide this service independently. Very often people get quite attached to their solar monitoring apps as the they see how their installation is making a really difference in terms of carbon emission reduction and savings on their electricity bills.
The more sustainable energy you produce the more you can see what a positive effect it has on you and and your environment. Collectively we can start tipping the balance in favour of renewable energy production and reduce global warming. if we target the biggest areas for carbon reduction first such as transport and energy usage we can have a major impact.
The Carbon Credit market is one where a company who is responsible for producing carbon emissions as a result of their processes can purchase carbon credits to 'offset' this production. Often firms say they are planting trees to absorb the carbon or state that they are buying carbon credits to offset the carbon they produce. It is very important that the integrity of the project is fully assessed.
In SREC state markets, the Renewable Portfolio Standard (RPS) requires electricity suppliers to secure a portion of their electricity from solar generators. The SREC program provides a means for Solar Renewable Energy Certificates (SRECs) to be created for every megawatt-hour of solar electricity created.
The SREC is sold separately from the electricity and represents the "solar" aspect of the electricity that was produced. The value of an SREC is determined by the market subject to supply and demand constraints. SRECs can be sold to electricity suppliers needing to meet their solar RPS requirements. The market is typically capped by a fine or solar alternative compliance payment (SACP) paid by any electricity suppliers for every SREC they fall short of the requirement.
I-REC is a type of Energy Property Certificate (EAC) given to certify that a certain amount of electricity is produced from a renewable energy source (1 I-REC represents 1 megawatt hour of renewable electricity). Currently, in addition to I-REC, the global EAC system also has 2 other types of renewable energy certificates: Energy provenance certificate Guarantee of Origin (GO) is used in the European Union energy market and Renewable Energy Certificate Renewable Energy Certificates (RECs) are used in the US and Canadian energy markets. I-REC is used in countries and regions that do not have a green energy certification system such as Africa, Asia, South America... In addition, some countries such as Australia or Japan also have their own certification systems. .
A Guarantee of Origin (GO) is an electronic document which provides proof to a final customer that a given share or quantity of energy was produced from renewable sources. It is essentially a "green label" giving the electricity customer a guarantee that the electricity is generated from renewable sources. Each GO unit represents one megawatt hour (MWh) of generated electricity.
GOs are tradable across the EU, as required by EU law. They are tradable instruments and do not need to follow the flow of energy. GOs can be both exported from Single Electricity Market (SEM) and imported to SEM to/from the rest of the EU.
Sign up to integrate your solar system with ther platform. Then go to settings and add your inverter type and the API key given to you by your inverter manufacturer or installer .
Sit back and watch the tokens being created automatically as you produce your green energy.
Use your tokens to get discounts with participating stores or any suppliers that accept the tokens. Alternatively wait until you reach 1 Mega Watt of power and sell it on on our market.
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