Energy Officials Meet to Discuss Renewable Energy Credits

The renewable energy sector in the United States is discussing ways to use emission credits to promote the industry.

NEW YORK, New York, US, 2001-06-21 [] The renewable energy sector in the United States is discussing ways to use emission credits to promote the industry. The Center for Resource Solutions invited 30 renewable energy professionals to meet Wednesday in New York to discuss future markets for Tradable Renewable Energy Credits and how the credits could facilitate the development of renewable energy. The objective of the meeting was to establish criteria for the certification of TRC-based retail renewable energy products. Tradable credits, also known as green tags or green certificates, would represent the environmental and social benefits that can be separated from the actual electrical power that is generated at renewable energy facilities. TRCs could be sold separately from the electricity, or combined with system power at point of sale. The meeting included representatives from public utilities, electricity generating companies, renewable energy marketers, state regulatory agencies and renewable energy advocacy groups. They agreed that TRCs would allow customers to support the development of renewable energy, regardless of their location. “Now consumers in states that have not deregulated, or who have little choice about the source of their electricity, can support renewables such as wind, solar, biomass, hydro and geothermal power,” explains Dan Lieberman of CRS. CRS administers the Green-e program which certifies renewable energy in the United States. The program is the country’s first voluntary certification and verification program for renewable electricity products, and sets consumer protection and environmental standards for electricity products and verifies that Green-e certified products meet these standards. The Green-e logo was inspired by the success of the recycling logo, and helps customers to identify renewable-based electricity products by setting standards for environmental products and requiring companies to disclose information about their products. CRS is a non-profit organization based in San Francisco.
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