Are Renewable Energy Certificates A Good Investment

Directly invest in renewable energy projects.

Are renewable energy certificates a good investment. 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. Renewable energy in australia includes wind power hydroelectricity solar pv heat pumps geothermal wave and solar thermal energy. A certificate that is proof that one megawatt hour mwh of electricity was generated from a renewable energy resource. In 2019 australia met its 2020 renewable energy target of 23 5 and 33 terawatt hours twh.

Recs are issued when one megawatt hour mwh of electricity is generated and delivered to the electricity grid from a. Purchasing recs is equivalent to purchasing renewable energy. Jonathon curtis looks at whether investing in cleaner greener energy sources could be good for your portfolio as well as the planet. Rěk is a market based instrument that represents the property rights to the environmental social and other non power attributes of renewable electricity generation.

If your company buys recs then you can claim that the energy you use comes from renewable sources. Renewable energy certificate rec. Investing in renewable energy a powerful investment. A renewable energy certificate or rec pronounced.

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