474
edits
m (Wikiros moved page Renewable energy credits to Renewable energy certificates without leaving a redirect) |
No edit summary |
||
(4 intermediate revisions by the same user not shown) | |||
Line 1: | Line 1: | ||
Invented by Enron in 1997 to make their acquisition of the Zond wind energy company profitable, renewable energy | Invented by Enron in 1997<ref>[https://www.nrel.gov/docs/fy05osti/37388.pdf] “Emerging Markets for | ||
Renewable Energy Certificates: Opportunities and Challenges”, National Renewable Energy Laboratory, 2005</ref> to make their acquisition of the Zond wind energy company profitable, renewable energy certificates (RECs, called “green tags” by Enron and “renewables obligation certificates” [ROCs] in many countries) represent the “environmental benefit” of electricity sources deemed to be “green”. They are sold apart from and in addition to the actual energy. | |||
The RECs allow their buyer to claim that their electricity comes from that specific source, even though all sources feed into the vast pool of the [[electrical grid]] and every user on that grid gets their electricity from the same mix of sources. | The RECs allow their buyer to claim that their electricity comes from that specific source, even though all sources feed into the vast pool of the [[electrical grid]] and every user on that grid gets their electricity from the same mix of sources. | ||
RECs are obviously worthless, a blatant monetization of “[[wikipedia:Virtue_signalling|virtue | RECs are obviously worthless, a blatant monetization of “[[wikipedia:Virtue_signalling|virtue signaling]]” (and of false virtue at that<ref>[[Carbon emissions]]</ref>). | ||
<references /> | <references /> | ||
==''See also:''== | |||
* [[Feed-in tariff]] | |||
* [[Renewable portfolio standard]] | |||
* [[Production tax credit]] |