EKOenergy

Only electricity from renewable sources can be sold as EKOenergy. But EKOenergy is more than just green electricity. EKOenergy also sets criteria for the following aspects:[8]

• Consumer information: Consumers get information about where and how the electricity has been produced.
• Sustainability: EKOenergy takes into account the impacts of electricity production on ecosystem services, habitats and the biodiversity of species. Firstly, it does this by excluding the most environmentally degrading and problematic electricity production methods. Secondly, it finances river restoration through an Environmental Fund.
• Climate: per every MWh sold, minimum 10 euro cents will be paid into the EKOenergy Climate Fund.
• Tracking of the electricity: The criteria are based on the European best practice, and on the recommendations of RE-DISS/EPED.
• Auditing and verification: All EKOenergy claims are verified by independent auditors.

Well known sellers of EKOenergy certified electricity include Fortum,[9] Vattenfall,[10] Ekosähkö[11] and Gesternova.[12] Also sellers of electricity tracking certificates can help consumers to get EKOenergy: e.g. ECOHZ,[13] Green Energy UK[14] and South Pole Group.[15] A full list of licensed sellers can be found on EKOenergy’s website: http://www.ekoenergy.org/buying-ekoenergy/licensees/. An increasing number of EKOenergy consumers uses the label in its own communication:[16] e.g. Otava Printing[17] and Saimaan juomatehdas.[18]

For each MWh of EKOenergy sold, the seller pays a minimum of €0.10 to EKOenergy's Climate Fund. This money is used to finance climate projects that would not have happened without the contributions. These projects are managed by experienced organisations. All projects are selected in an open process, with sellers, buyers and independent experts actively involved.[19] Examples of funded projects:

• Solar panels for Tanzanian schools[20]
• Solar panels for schools in Cameroon[21]

River restorations

Whenever hydropower is sold with the EKOenergy label, €0.10/ MWh go to the Environmental Fund, to finance river restoration projects.[22] Examples of earlier funded projects:

• Murronjoki river restoration (Finland)[23]
• Norina river restoration (Latvia)[24]

The European versions of the LEED Standard explicitly recommend the use of EKOenergy labelled electricity.[25] Buildings aiming at LEED certification can get extra points if the electricity used in that building is EKOenergy certified. The text “LEED 2009 BD+C Supplemental Reference Guide with Alternative Compliance Paths for Europe”[26] gives EKOenergy the same status as Green-e certified RECs in the US. They write: "The EKOenergy electricity certification scheme represents the best available pan-European option for the sustainable and additional consumption of renewable electricity within Europe. EKOenergy certifies renewable electricity that goes beyond the regulations of European directives and national governments of Europe."

The Greenhouse Gas Protocol is a worldwide standard for carbon accounting. It is a joint product of the World Resources Institute and the World Business Council for Sustainable Development. In January 2015, the Secretariat of the Greenhouse Gas Protocol published the Scope 2 Guidance, which gave advice about carbon accounting. The Guidance refers to EKOenergy several times. Chapter 11, which encourages companies to go one step further, refers to EKOenergy’s Climate Fund.[27][28]

CDP works with 5000 of the largest corporations in the world to help them calculate their carbon emissions and to help them develop effective carbon emission reduction strategies. On page 15 and 16 of its technical notes for accounting of scope 2 emissions (i.e. emissions related to the production of purchased electricity), CDP explains how companies can do more. “Ecolabels are a way for companies to do more with their purchases. EKOenergy, mentioned by the GHG protocol Scope 2 guidance, is such an option: it is a mark of quality which comes on top of tracking certificates. Electricity sold with the EKOenergy label fulfills strict environmental criteria and raises funds for new renewable energy projects. Involvement, transparency and ‘deeds not words’ are important principles of EKOenergy’s work.”[29]