Environmental Finance

White Certificates

By April 26, 2022May 19th, 2022No Comments

White Certificates

Suppliers or distributors of electricity, gas and fuels are required to undertake energy efficiency measures in the energy delivered to the end user according to a binding target.

White certificates are issued whenever an amount of energy is saved and when the proper documentation is files to the administration, once issued it is a tradable asset. Energy producers use them to meet their energy savings targets, whether these are obtained inside their facilities or purchased on a secondary market. A wide range of methodologies are eligible to obtain White Certificates including building renovation, industrial processes optimization, transportation.

When an energy provider does not meet the energy savings targets, a penalty is imposed by the administration.
In Europe, several countries have implemented this system under various names:

  • France: Certificats d’√Čconomie d’√Čnergie (CEE)
  • Poland: Biale Certyfikaty
  • Italy: Titoli di Efficienza Energetica