Renewable Energy Credits: Serving Voluntary and Compliance Markets

Abstract

Renewable energy credits (RECs) have grown to a hundred-million-dollar market in the U.S., driven by the growth in renewable portfolio standards and voluntary green pricing markets. RECs face challenges, however, including those of definition, tracking, and the prevention of double-counting. This report looks at the current status of RECs and the trends to watch for as REC markets evolve.