Frequently Asked Questions

GoNetZero^TM is a one-stop renewable energy and carbon management solutions provider. A trusted partner supporting corporates in achieving their decarbonisation goals, GoNetZero^TM is underpinned by strong digital capabilities for renewable energy and environmental attribute portfolio management.

GoNetZero^TM is a corporate venture of Sembcorp Industries.

RECs are a type of tradable Energy Attribute Certificate (EAC). One REC represents the environmental attributes of the generation of a one-megawatt hour of energy produced by renewable sources.

These certificates are used to prove that your power has been generated from renewable sources.

A carbon offset represents a one tonne reduction in GHG emissions – or an increase in carbon storage – that is used to compensate for emissions that occur elsewhere. The reduction of GHG emissions from a carbon offset project could be a result of carbon avoidance, reduction or removal.

Carbon credits (CCs) are tradeable instruments, and are certified by independent certification bodies. Every CC is traceable and finite; once used to offset any organisation’s emissions, they are retired forever, and cannot be sold again.

Renewable Energy Certificates (RECs) are primarily used to reduce an organisation’s Scope 2 emissions whereas Carbon Credits (CCs) are used to offset a company’s remaining emissions (Scope 1, 2 and 3) after they have taken steps to reduce their carbon emissions. Carbon Credits may also be used by a company to support beyond value chain mitigation.

Scope 1 encompasses direct emissions from sources that are owned or controlled by a company.

Scope 2 are indirect emissions resulting from the generation of electricity, heat, steam, or cooling purchased by a company.

Scope 3 are all indirect emissions (not included in Scope 2) that occur in the value chain of the company.

Yes. They are considered procured renewable energy and can contribute towards these targets, subject to specific RE100 guidelines.

Environmental attributes are essentially the “green” benefits or positive environmental impact associated with a particular project or asset.

Environmental financial products are typically renewable energy certificates or carbon credits that represent and quantify these environmental attributes.

If you are a new customer, you would be required to register an account through https://gonetzero.ai and follow a few simple steps as prompted by the system.

Account approval may take up to 3 working days. Once your account is approved, you are officially onboarded onto our GoNetZero^TM platform and can start to access our solutions.

No. Customers need not have registry accounts. GoNetZero^TM will create new registry sub-accounts for such customers.

Blockchain is a distributed ledger technology that carries characteristics to establish trust in a transparent, decentralised, and immutable setting.

For example, Renewable Energy Certificates (RECs) are issued and managed by central registries like I-REC and APX.

For GoNetZero^TM, from the issuance to the retirement of RECs, we will log all transactions onto the blockchain from our off-chain database. Every single transaction would be immutably appended onto the blockchain.

The GoNetZero^TM platform’s’ current blockchain in-use is a private and permissioned enterprise grade blockchain that operates on both the Hyperledger Fabric and Hyperledger Besu framework, open-sourced from the Linux Foundation.

It is very different from the public blockchain that cryptocurrencies like Bitcoin operates on, where to add a new block onto the chain, it requires the proof-of-work consensus mechanism, where high computational power is needed to mine the succeeding block, hence energy-intensive.

In Hyperledger Fabric, the consensus mechanism used is RAFT (a leader-follower consensus approach), while in Hyperledger Besu the consensus mechanism used is Proof-Of-Authority (PoA), both of which are energy efficient.

Using PoA consensus mechanism also allow us to create blocks at a higher speed to facilitate higher transactional throughput, which is essential as our blockchain ingests high volume of energy data points.