Update on the main importers and exporters of renewable GOs in the AIB

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• Norway is Europe’s biggest net exporter of GOs, accounting for 80.7 TWh in 2017.
• Germany sees Europe’s highest demand for GOs, with a net import of 79.5 TWh in 2017.
• The UK imported the equivalent of 25.1 TWh of GOs through ex-domain cancelations in 2017, following their new framework set forward by OFGEM in 2016.

In countries like Germany and the Netherlands, where the production mix contains a much lower share of renewables, we see a high demand for GOs. On the other hand, the demand for GOs is low in countries like Norway and Iceland, where almost all electricity ori...