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Why the Renewable Energy Credit Market Needs Standardization

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dc.contributor.author Koperski, Lisa
dc.date.accessioned 2018-01-02T19:32:37Z
dc.date.available 2018-01-02T19:32:37Z
dc.date.issued 2017-12
dc.identifier.citation 13 WASH. J.L. TECH.& ARTS 69 (2017) en_US
dc.identifier.issn 2157-2534
dc.identifier.uri http://hdl.handle.net/1773.1/1746
dc.description WJLTA, VOL. 13 NO. 1, FALL 2017 en_US
dc.description.abstract Renewable Energy Credits (RECs) are a relatively new financial instrument that help to stimulate the renewable energy market through capturing the premiums for environmental attributes associated with electricity, hopefully, encouraging investment in new renewable energy projects. However, lack of standardization in both the definition of RECs and the ways that RECs can be exchanged and administered has led to confusion on the parts of all concerned—the REC seller, the REC buyer, regulators, and the public at large—stymying investment in renewable energy projects and creating market inefficiency. Much like inconsistent accounting definitions or divergent requirements for providing investment guidance to consumers would cause negative externalities in a market, inconsistent definitions of RECs impede the marketplace from receiving the anticipated gains from trading RECs in a purely liquid market. en_US
dc.language.iso en_US en_US
dc.publisher Seattle: Washington Journal of Law, Technology & Arts, University of Washington School of Law en_US
dc.subject Constitutional & Regulatory en_US
dc.title Why the Renewable Energy Credit Market Needs Standardization en_US
dc.type Article en_US
dc.rights.holder © Lisa Koperski en_US

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