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The Renewable Energy Credit (REC) system exists on a global basis under a variety of schemes. It is a complex legal market-based instrument managed within a trading system with the goal of driving increased production and use of non-fossil fuel driven electricity to reduce greenhouse gas emissions. The REC recognizes environmental attributes associated with energy production and consumption. This course will review the REC system, from goals and principles to issuance and retirement of RECs.
What you will learn
- Define Renewable Energy Credits and how they work
- Discuss the relationship of RECs to the electric grid
- Describe the principles of Renewable Energy Credits
- Review various aspects of RECs, including the legal basis and relationship to offsets
- Provide a sample of international schemas for issuing, recording, and trading environmental attributes of energy
- Detail how RECs fit within the LEED program
- Examine the pros and cons of Renewable Energy Credits