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Role of Renewable Energy Certificates in New Energy Projects (Paperback)
Loot Price: R1,567
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Role of Renewable Energy Certificates in New Energy Projects (Paperback)
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This book examines the role of renewable energy certificates in new
renewable energy projects. For more than a decade, renewable energy
certificates (RECs) have grown in use, becoming a common way to
track ownership of the renewable and environmental attributes of
renewable electricity generation. RECs are used widely, and are
often required, to verify utility compliance with state renewable
portfolio standards (RPs) and to substantiate claims made by
voluntary purchasers of green power. In recent years, however,
questions have risen about the role RECs play in the decision to
build new renewable energy projects. Critics point to the uncertain
demand for and, in some cases, low prices of RECs as evidence that
RECs do not make a meaningful contribution in favour of building a
new project. Others counter that any revenue source, large or
small, contributes to making new projects profitable and also
attracts investment to the broader industry.
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