Producers of “green” power can sell RECs as well as the power itself, increasing their profits, while other organizations can buy or trade RECs for reasons ranging from improving corporate image to satisfying regulatory compliance. When RECs are traded, the entity purchasing the RECs gains the right to claim environmental benefits.
Renewable Energy Certificates are also commonly referred to as Green Tags, Renewable Energy Credits, Tradable Renewable Certificates (TRCs), and environmental attributes.
Carbon offsets represent reductions in Green House Gas (GHG) emissions as a result of project activities. Project types span various categories: methane capture at landfills, in agriculture or at coal mines; forestry; energy efficiency; and renewable projects which displace coal/natural gas generation.
Institutions and individuals purchase offsets for multiple reasons:
To manage carbon liabilities
To advance corporate sustainability goals while minimizing costs
To support the development of a “green” brand
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