Expert Reports on the Latest Market Developments: STRIVE TAKEAWAYS

This report aims to provide a comprehensive analysis of the diverse options available to corporates for renewable electricity procurement. Specifically, the focus will encompass two prominent approaches, both having the potential to create additional impact: by directly purchasing Energy Attribute Certificates (EACs) or through long-term agreements, such as Power Purchase Agreements (PPAs) or Virtual Power Purchase Agreements (VPPAs). The report will shed light into the unique features, benefits, and considerations of each approach, so corporations decisions that align with their sustainability aspirations and financial goals. Through this analysis, we aim to empower businesses to proactively navigate the renewable energy landscape, fostering a cleaner and more sustainable energy future for both companies and the global community.

The introduction of the Carbon Border Adjustment Mechanism (CBAM) in the European Union (EU) will have a significant impact on businesses importing goods into the EU. The CBAM will be on the agenda for the EU Parliament’s April 2023 plenary session when the final vote will take place. The CBAM is expected to take effect in October 2023, in transitional form, and be fully operational in January 2026.