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By admin, April 27, 2011 10:39 am

Known as:

• Green Tags
• Renewable Electricity Certificates
• Renewable Energy Credits
• Tradable Renewable Certificates

Renewable Energy Certificates (RECs) function mainly as proof of purchase for renewable energies, which in other way, can be traded, sold or bartered. In some countries, they represent the environmental attributes produced by some renewable energy projects of the government and are separately sold from electricity and other commodities. This type of certificate incentivizes carbon-neutral renewable energy by producing a production funding to electricity generated from renewable sources. It is important to recognize that the energy linked with a renewable energy certificate is sold separately for the consumer.

The said certificate’s prices depend on factors, such as the number of period of time or year the renewable energy certificate was generated, facility location, whether there is a close level of supply and demand condition, whether the REC is utilized for compliance even the type of power created. They are properly accounted for the assurance of no double entry cases.

In Australia, the responsibility of REC-registry is to facilitate the creation, surrender and transfer of renewable energy certificates (RECs) and maintain its various registrations. The only process allowed is the online registration.

The advocacy using a standard renewable energy certificate is to supply evidence of the production of amount  of renewable energy and to provide a system which enables renewable energy deal, enabling the creation of an industrial or economic market for renewable energy and to promote the development of new renewable energy capacity. This system is strictly implemented in Europe.

An example of renewable energy that requires renewable energy certificate is electricity. This simply means that electricity is produced after the issuance of such certificate. The said certificate is then ready for the trading phase. The certificate’s cycle ends when the consumer or supplier will consume or cancel it. This certificate is issued legally by the issuing body or the independent organization to make sure that the electricity produced comes from a renewable energy source. Another task is to have control on registrations which is usually a monopoly to avoid double issuance and to cancel it upon the owner’s request.

The main advantage of renewable energy certificates is its marketing process. Since it is market-based, it gives the people and other corporations a beneficial opportunity. Others are also permitted to buy these credits to compensate their energy-demanding activities that produce global warming gases like air travel.

The premeditated proposal of using renewable energy certificates is to lower the destruction of global warming and its sales will offset the cost of running the system of every country using it. It is a mutual marketing strategy concerned on the probable outcome of extreme industrial energy consumption. This innovation is the best discovered idea so far. In the millennium of outstanding technological upgrades, the use of renewable energy certificates is a positive potential mechanism for increasing our lifespan of existence.

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By admin, March 9, 2011 1:41 pm

It is generally accepted that we can prevent earth’s deterioration if we achieve a renewable energy world. When we hear the word renewable energy we normally think of state-of-the art equipments and high-end technology. But, we can start today. Simple acts can help jumpstart the initiative of saving our planet.

When we come to think of it, our major energy source comes from fossil fuel and as we all know the use of fossil fuel emits harmful substance to our environment. And every time we use it, we contribute to the slow deterioration of planet earth. Because in almost everything that we do we use energy and most of the times we do not value this. We waste a lot of energy without thinking that if we continue this unconscionable use of energy, there will come a time when our entire energy source will be fully depleted.

Our simple use of television, washing machine, and various appliances may be a form of waste in energy. If you analyze it the appliances works for you while you sit down watching the television. Even simple chores that we can perform on our own we still tend to rely on using our appliances and that is a big waste in energy.

But most of all I believe our cars are worst in depleting our energy and harming our environment. Not only does it deplete fossil fuel through

the use of gas but it also is notorious in emitting harmful substances in the atmosphere. In our present time we can’t deny that cars are necessity because we now tend to travel much compared in the primitive times. But we can still do something to minimize the damage. We can prefer to use the public transportation instead of bringing our car. The use of alternative vehicles may also help like bicycle for example or walking especially if we are only going to a place nearby.

We don’t need to be a rocket scientist just to promote a renewable energy world all we need are simple steps in conserving energy in our daily lives. Not only we help protect our mother earth, but also we save a lot of bucks by going green.