Iceland's regulator argues what is happening here is "Double Claiming", not "Double Counting", and that's allowed by their interpretation of the rules. AIB seems to accept that. This severely questions the usefulness and legitimacy of green electricity certificates and pretty much all green electricity tariffs in Europe. All details in my latest article: https://industrydecarbonization.com/news/the-trouble-with-european-green-electricity-certificates.html?source=mn #renewableenergy #greenelectricity