Carbon credits for sale6/24/2023 Woodland creation and producing carbon units are long term commitments.Woodland carbon units can only be generated by planting new woodland and projects must register before any work starts onsite.Carbon units can be used as “credits” against emissions by companies. The Woodland Carbon Code standard allows for robust voluntary carbon offsetting by companies.Welsh Government recommends landowners in Wales who wish to generate and sell woodland carbon units should use the Woodland Carbon Code.Welsh Government’s position on when and how they should be sold could change over time as the role of voluntary carbon markets in net zero continue to develop. Welsh Government recognises the sale of carbon units to companies and individuals is a valid source of income for land owners and managers.Carbon credits should only be used to offset any remaining, unavoidable emissions. Emissions reduction must remain the priority for all farms and businesses.Offsets and RECs: What's the Difference? (pdf) (1. For additional information, please see the Offsets and RECs, however, are fundamentally different instruments with different impacts, representing different criteria for qualification and crediting in the context of inventory or emissions footprints. Offsets represent a metric ton of emissions avoided or reduced RECs represent attributes of 1 MWh renewable electricity generation. What Is the Difference Between RECs and Offsets?īoth offsets and RECs represent the environmental benefits of certain actions that can help mitigate greenhouse gas emissions. The strategy is used by consumers installing self-financed renewable electricity projects or consumers who purchase renewable electricity directly from a renewable electricity project, such as through a power purchase agreement (PPA). Is a green power procurement strategy used by electricity consumers to simultaneously meet two objectives: 1) decrease the cost of their renewable electricity use and 2) substantiate renewable electricity use and carbon footprint reduction claims. Renewable Energy Certificate (REC) Arbitrage (pdf) (363.53 KB) For additional information, please see the Center for Resource Solutions' paper on the Legal Basis for Renewable Energy Certificates (pdf). RECs are supported by several different levels of government, regional electricity transmission authorities, nongovernmental organizations (NGOs), and trade associations, as well as in U.S. RECs are the accepted legal instrument through which renewable energy generation and use claims are substantiated in the U.S. On a shared grid-whether the electricity comes from on-site or off-site resources-RECs are the instrument that electricity consumers must use to substantiate renewable electricity use claims. The short video to the right describes the importance and role of RECs in making green power possible for electricity consumers nationwide. How Do RECs Work?īecause the physical electricity we receive through the utility grid says nothing of its origin or how it was generated, RECs play an important role in accounting, tracking, and assigning ownership to renewable electricity generation and use. *Note: This list is not exhaustive and, depending on the market in which the REC is generated, other attributes may be associated with the certificate. Emissions rate of the renewable resource.Eligibility for certification or renewable portfolio standard (RPS).Utility to which project is interconnected. Certificate unique identification number.RECs include several data attributes, including:* RECs are issued when one megawatt-hour (MWh) of electricity is generated and delivered to the electricity grid from a renewable energy resource. What Is the Difference Between RECs and Offsets?Ī renewable energy certificate, or REC (pronounced: rěk, like wreck), is a market-based instrument that represents the property rights to the environmental, social, and other non-power attributes of renewable electricity generation.Renewable Electricity: How Do You Know You Are Using It? (pdf) This fact sheet provides an overview of RECs, overview of REC tracking systems, review of how to ensure that the RECs are not double-counted, overview of the roles of electricity regulators, overview of renewable generators and purchasers, and a brief discussion of the international use of RECs.Įxplore the sections below to learn more about renewable energy certificates (RECs). National Renewable Energy Laboratory, 2015.Voluntary Renewable Energy Markets (pdf) (692.68 KB)
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