All for one
The Waxman-Markey Bill brought the US a step closer to establishing a federal mandate for renewable energy generation. Pauline McCallion looks at the implications for renewable energy credits trading
The proliferation of renewable portfolio standards (RPSs) in states across the US has created a market for trading in renewable energy credits (RECs). However, a lack of uniformity in RPS design means this is a highly fragmented market, with those involved in the sector struggling to trade across state lines.
A federally mandated RPS could tie all of these disparate state markets together. Although a nationwide standard is still some way off, any clues as to how such a scheme might be structured
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