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Thursday, November 13, 2008

Shifting from RECs* to Offfsets (*Renewable Energy Credits)

On the Campus Ecology blog, Xarissa Holdway writes about one AASHE session which matched offsets against renewable energy credits:
To the surprise of the presenter, Dave Newport of CU-Boulder, this afternoon’s discussion of GHG offsets and Renewable Energy Credits didn’t degenerate into fisticuffs or even a red-faced screaming match. In fact, the discussion was downright welcoming, which is what I’ve come to expect of the attendees of this conference. . . . While Newport feels that RECs have had their victories, among them increased market demand for renewable energy and the dismantling of some of the geographical barriers to sustainability, the disadvantages of RECs outweigh the benefits. He lists the public perception of REC’s as a ‘sin tax’, the lack of transparency, a poor sense of closure for buyers, and the lack of added value to the initial investment as cons.

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