Are Renewable Energy Certificates A Good Investment

Directly invest in renewable energy projects.

Are renewable energy certificates a good investment.

Key renewable industry metrics. A renewable energy certificate or rec pronounced. Renewable energy certificate rec. If your company buys recs then you can claim that the energy you use comes from renewable sources.

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. A certificate that is proof that one megawatt hour mwh of electricity was generated from a renewable energy resource. Jonathon curtis looks at whether investing in cleaner greener energy sources could be good for your portfolio as well as the planet. Purchasing recs is equivalent to purchasing renewable energy.

Investing in renewable energy a powerful investment. In 2019 australia met its 2020 renewable energy target of 23 5 and 33 terawatt hours twh. Renewable energy in australia includes wind power hydroelectricity solar pv heat pumps geothermal wave and solar thermal energy. Rěk is a market based instrument that represents the property rights to the environmental social and other non power attributes of renewable electricity generation.

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 give companies institutions and individuals a simple way to offset their carbon footprint and support clean energy. 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. The need to battle climate change as well as reduce the use of these finite resources is driving significant investment in renewable energy sources.