Are Renewable Energy Certificates A Good Investment

The need to battle climate change as well as reduce the use of these finite resources is driving significant investment in renewable energy sources.

Are renewable energy certificates a good investment.

Recs are issued when one megawatt hour mwh of electricity is generated and delivered to the electricity grid from a. Directly invest in renewable energy projects. Key renewable industry metrics. The most direct way to invest in renewable energy without installing solar panels on your roof is to invest directly in renewable energy projects.

Australia produced 378 7 pj of overall renewable energy including renewable electricity in 2018 which accounted for 6 2 of australia s total energy use 6 146 pj. Renewable energy certificates recs also known as green tags renewable energy credits renewable electricity certificates or tradable renewable certificates trcs are tradable non tangible energy commodities in the united states that represent proof that 1 megawatt hour mwh of electricity was generated from an eligible renewable energy resource renewable electricity and was fed into. Purchasing recs is equivalent to purchasing renewable energy. Renewable energy certificates recs give companies institutions and individuals a simple way to offset their carbon footprint and support clean energy.

A certificate that is proof that one megawatt hour mwh of electricity was generated from a renewable energy resource. This method is low risk especially in terms of solar pv projects as once the facility is up and running not much can go wrong. Renewable energy certificate rec. Rěk is a market based instrument that represents the property rights to the environmental social and other non power attributes of renewable electricity generation.

Investing in renewable energy a powerful investment. If your company buys recs then you can claim that the energy you use comes from renewable sources. A renewable energy certificate or rec pronounced. Renewable energy in australia includes wind power hydroelectricity solar pv heat pumps geothermal wave and solar thermal energy.