![]() ![]() And well, we all know what happened next. But little by little the duo start to wonder whether this little project of theirs hasn’t got a much larger potential. A blitz shooting in Barcelona, no famous actors and a pure guerilla-style approach on all levels. Offsets and RECs: What's the Difference? (pdf) (1.As is often the case, it all started out as a fun idea without any grand pretentions by two talented directors called Jaume Balaguero and Placo Plaza. For additional information, please see the Offsets and RECs, however, are fundamentally different instruments with different impacts, representing different criteria for qualification and crediting in the context of inventory or emissions footprints. Offsets represent a metric ton of emissions avoided or reduced RECs represent attributes of 1 MWh renewable electricity generation. What Is the Difference Between RECs and Offsets?īoth offsets and RECs represent the environmental benefits of certain actions that can help mitigate greenhouse gas emissions. The strategy is used by consumers installing self-financed renewable electricity projects or consumers who purchase renewable electricity directly from a renewable electricity project, such as through a power purchase agreement (PPA). Is a green power procurement strategy used by electricity consumers to simultaneously meet two objectives: 1) decrease the cost of their renewable electricity use and 2) substantiate renewable electricity use and carbon footprint reduction claims. Renewable Energy Certificate (REC) Arbitrage (pdf) (363.53 KB) For additional information, please see the Center for Resource Solutions' paper on the Legal Basis for Renewable Energy Certificates (pdf). RECs are supported by several different levels of government, regional electricity transmission authorities, nongovernmental organizations (NGOs), and trade associations, as well as in U.S. RECs are the accepted legal instrument through which renewable energy generation and use claims are substantiated in the U.S. ![]() On a shared grid-whether the electricity comes from on-site or off-site resources-RECs are the instrument that electricity consumers must use to substantiate renewable electricity use claims. The short video to the right describes the importance and role of RECs in making green power possible for electricity consumers nationwide. How Do RECs Work?īecause the physical electricity we receive through the utility grid says nothing of its origin or how it was generated, RECs play an important role in accounting, tracking, and assigning ownership to renewable electricity generation and use. ![]() *Note: This list is not exhaustive and, depending on the market in which the REC is generated, other attributes may be associated with the certificate.
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