What are Renewable Energy Credits (RECs)?
A Renewable Energy Credit (REC) - also known as a "Green Tag" is a measure of the societal benefit attributes of renewable electricity. Typically, one REC is produced for each megawatt-hour of renewable electricity.
Individuals and companies can use renewable resources to improve the environment by minimizing their own "carbon footprint". Active RECs markets maximize cost-effective resource allocation and allow states to implement aggressive renewable portfolio standard targets while minimizing increases in costs for electricity to consumers and businesses.
REC Trading Working Group
The REC Trading Working Group has collaborated diligently for the past two years on a master contract that will help link the various mandatory and voluntary renewable energy credit trading programs in the U.S. Composed of financiers, project developers and attorneys, this working group is open to all interested in developing the concept of a national Renewable Trading Standard (RTS), creating a market, and establishing a means by which Wall Street can monetize the environmental benefits of renewable energy. The working group is organized by the American Bar Association (ABA), the Environmental Markets Association (EMA), and the American Council On Renewable Energy (ACORE).
To be placed on this working group's distribution list, please contact Tom Weirich, Director of Membership & Corporate Relations, at:
acore.org
Committees Quick-links
REC Trading Working Group
ACORE Announces Publication of New Master Renewable Energy Certificate Purchase and Sale Agreement
To view the press release, click here.
The agreement can be downloaded by clicking here.
Questions
ACORE members who would like to be placed on this working group's distribution list should contact Tom Weirich, Director of Membership & Corporate Relations, at: acore.org