Case Studies Explore New Clean Energy Markets

Although the U.S. government has made only cursory attempts at promoting clean and renewable energy, many states have stepped up and demanded at least a small percentage of their energy be sourced from renewable energy. While only small percentages, these state demands have helped create a vibrant new market for green energy.

Berkeley, California – December 12, 2003 [] “Case Studies of State Support for Renewable Energy” from Berkeley Lab and the Clean Energy States Alliance, is the latest addition to the ongoing series exploring the burgeoning markets for renewable energy and their associated products. The most recent case study is titled “The Experience of State Clean Energy Funds with Tradable Renewable Certificates,” and is accessible at the first link below. Markets for tradable renewable certificates – or TRCs – have grown substantially in recent years. At the same time, renewable energy funds now exist in 15 states, often (though not always) funded by electricity rate surcharges. State renewable energy funds are exploring their role in this new TRC market, and states have taken a variety of approaches with respect to TRCs to date – e.g., taking title to TRCs from funded projects, providing risk hedging products involving TRCs, funding retail TRC marketers, etc. This case covers these and related efforts by the renewable energy funds in California, Connecticut, Illinois, Massachusetts, Minnesota, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, and Wisconsin.