UBA, the German Environment Agency, has suspended the enforcement of its non-recognition of Icelandic guarantees of origin in Germany. Thereby, all restrictions on the trade of Icelandic guarantees of origin have been lifted.
UBA’s import ban was based on AIB’s, Association of Issuing Bodies, suspension of exports of Icelandic guarantees of origin which was lifted on June 1st. Double-counting of energy attributes was suspected to be taking place in Iceland, with power intensive users in Iceland claiming to utilise green energy for their operations, without purchasing guarantees of origin to support that claim.
After a comprehensive examination, UBA has decided to lift its import ban as it has been confirmed that Icelandic electricity producers do not double-count the green attributes of their energy production.
