The need to increase the amount of renewable generation to meet regulatory obligations as well as voluntary purchases of renewable energy by residential and commercial customers has rapidly expanded the marketplace for renewable electricity certificates (RECs). Electronic issuing and tracking systems have been developed in parts of North America, European Union and Australia to support the development of RECs as a compliance and market tool. The paper discusses and compares the existing or proposed REC tracking systems in North America and introduces the North American Association of Issuing Bodies (NAAIB) — an institution that will help network renewable certificate tracking bodies in North America.
|Document Type:||Project publication|
|Theme:||Climate Change, Green Economy|