UK companies start to track renewables 24/7 to curb greenwashing

To avoid greenwashing taking place when companies buy origination certificates for green power sometimes up to a whole year old, a group of energy players in Britain have agreed to buy green electricity with hourly time stamps to best reflect physical flows.

Photo: Brian Snyder/Reuters/Ritzau Scanpix

By Jessica Shankleman, Bloomberg News

A dozen utilities will take part in a new UK trading platform, seeking to overcome accusations of greenwashing that have undermined the credibility of renewable energy certificates.

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