Abstract

Renewable Energy Certificates (RECs) and blockchain technology are two innovative concepts that can be integrated to enhance transparency, traceability, and efficiency in the renewable energy sector. This paper examines the application of blockchain technology to improve transparency, security, and efficiency in Renewable Energy Certificate (REC) programs, crucial for advancing global renewable energy adoption. Traditional REC systems face challenges such as intermediaries, inefficiencies, and fraud. Blockchain offers a decentralized and tamper-resistant ledger, addressing these issues. The study analyzes blockchain's benefits, including transparency, reduced costs, and traceability. Smart contracts automate REC issuance and trading, ensuring a faster, more secure process. The technology enables real-time monitoring of renewable energy generation and addresses potential challenges and regulatory considerations. In conclusion, blockchain-based RECs present a promising solution, fostering a transition to a sustainable energy landscape. The research contributes to understanding blockchain's role in reshaping the energy sector