Blockchain-based renewable energy certificate system in Indonesia.

Area of Science:

• Environmental Science
• Computer Science
• Energy Policy

Background:

• Renewable Energy Certificate (REC) schemes are vital for climate change mitigation and sustainable development.
• Current REC schemes face challenges including poor traceability, lack of transparency, and limited user awareness, hindering their effectiveness.
• These limitations impede the full potential of green energy markets.

Purpose of the Study:

• To address the limitations of existing REC schemes by proposing a blockchain-based solution for Indonesia's electricity grid.
• To enhance end-to-end traceability, real-time data access, and ensure tamper-proof records within the REC system.
• To develop a secure and transparent framework for REC issuance, trading, and verification.

Main Methods:

• Conducting interviews with energy stakeholders to understand current challenges and requirements.
• Developing a blockchain model tailored for the Indonesian electricity grid and REC management.
• Prototyping the blockchain solution and evaluating its efficacy through rigorous testing and analysis.

Main Results:

• Blockchain technology significantly improves security, traceability, and stakeholder trust in the Indonesian REC market.
• The proposed framework successfully addresses existing system limitations, offering a robust solution.
• A novel semi-fungible REC token was introduced for secure and efficient REC lifecycle management.

Conclusions:

• Blockchain technology offers a transformative approach to enhance the integrity and efficiency of REC markets.
• The developed framework provides a scalable model to support the adoption of green energy in Indonesia and globally.
• Implementing this solution can foster greater trust and participation in sustainable energy initiatives.