A REO-G or a GreenToken is an ERC-721 token on the public Ethereum blockchain that certifies the origin of energy produced from renewable sources.
Each REO-G has a unique identifier and contains the details provided in the European RES Directive (2009/28 / EC) on guarantees of origin
Manufacturers can obtain on RED 1 REO-G for every 1 MWh of Green Energy produced. REO-G is valid for 12 months after which it expires, during which time it can be used only once by companies to reduce their carbon footprint.
Once you have received REO-G you can keep it or sell it on the RED Exchange for MWAT or Ethereum to companies or individuals who want to use it to reduce their carbon footprint.
The value of a REO-G is the date of demand and supply on the RED Exchange.
Companies or individuals wishing to obtain a "Green Sustainability Certificate" from RED will need to own and send a REO-G number to RED.
