Types of Renewable Energy Certificates: Tradable Instruments for Clean Energy
Renewable Energy Certificates (RECs) are important tools in the push towards a cleaner and more sustainable energy future. They serve as a way to track and incentivize the production of renewable energy sources, such as wind, solar, and hydro power. But not all RECs are the same – there are different types that serve different purposes in the renewable energy marketplace. One common type of REC is the Generation-Based REC, which represents the actual generation of renewable energy from a specific project or facility. These RECs are typically sold or…
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