Chile’s National Electricity Coordinator (CEN) is developing a blockchain platform that will be used to trace renewable energy usage in copper production. The Renova initiative is not limited to copper and aims to provide renewable energy traceability and a log of all the country’s renewable energy resources.
There is a growing demand in the mining industry for more transparent and environmentally-friendly practices, and companies are looking at renewable energy as a solution to mitigate the environmental impacts of copper mining.
The renewable energy sector is growing at a fast pace in Chile. Nevertheless, selling duplicate contracts or accounting for the same renewable energy certificate twice are still common occurrences.
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