Governance and Structure

Governance Model

The PEC Alliance (PECA) will adopt a governance model inspired by best practices from other successful initiatives. This model emphasizes transparency, inclusiveness, and rigorous oversight to ensure the credibility and effectiveness of the PEC framework.

• Transparency: All decision-making processes, standard updates, and audits will be conducted transparently, with regular reports and updates available to all stakeholders.

• Inclusiveness: The governance model will ensure representation from a diverse range of stakeholders, including industry experts, regulatory bodies, environmental organizations, and energy consumers.

• Oversight: An independent advisory board will provide oversight to maintain the integrity of the standards and processes, ensuring adherence to best practices and regulatory requirements.

Roles and Responsibilities

To ensure effective governance and smooth operation, clear roles and responsibilities will be defined for all participants in the PECA.

• Executive Committee: Comprising senior leaders from the renewable energy, carbon accounting, and regulatory sectors, the Executive Committee will be responsible for strategic decision-making and overall direction.

  • Chairperson: Oversees the Executive Committee and ensures alignment with the PECA’s mission and objectives.

  • Vice-Chairperson: Assists the Chairperson and takes on leadership responsibilities in their absence.

• Standards Committee: Responsible for developing, maintaining, and periodically reviewing the PEC and Emissions-Matching Standards.

  • Standards Director: Leads the development and maintenance of the standards, ensuring they reflect current best practices and regulatory requirements.

  • Technical Experts: Provide specialized knowledge and insights to support the development of robust and accurate standards.

• Audit and Compliance Committee: Ensures rigorous verification and compliance processes are followed, maintaining the integrity of PEC issuance and use.

  • Audit Director: Manages the audit process, coordinating with independent third-party auditors.

  • Compliance Officers: Monitor compliance with the standards and report any discrepancies or issues.

• Stakeholder Engagement Committee: Facilitates communication and collaboration with stakeholders, promoting education and awareness about PECs.

  • Engagement Director: Leads stakeholder engagement initiatives, ensuring effective communication and collaboration.

  • Outreach Coordinators: Implement engagement strategies and maintain relationships with key stakeholders.

Advisory Board Structure

The Advisory Board will play a crucial role in guiding the PECA, drawing on its members' expertise and experience to ensure the PEC framework's effectiveness and credibility.

• Composition: The Advisory Board will include representatives from diverse sectors, such as renewable energy, carbon accounting, regulatory bodies, environmental NGOs, and corporate energy users.

• Selection Process: Members will be selected through a transparent and inclusive process, ensuring a balanced representation of all key stakeholder groups.

• Responsibilities:

  • Advisory Role: Provide expert advice on developing and maintaining the PEC and Emissions-Matching Standards.

  • Review and Feedback: Regularly review the standards and processes, offering feedback to ensure continuous improvement.

  • Conflict Resolution: Address any conflicts or issues that arise within the PECA, ensuring fair and impartial resolution.

By adopting this governance and structure model, the PEC Alliance aims to create a robust and credible framework that supports the widespread adoption and effective use of Power Emissions Certificates, contributing to global decarbonization efforts.