Tradable Renewable Certificates and Emissions Values: The CRS Perspective on Best Practices in Marketing

Brief on the issue of “disaggregated” Trade Renewable Certificates (TRCs) [also known as Renewable Energy Credits (RECs)]. Because there is both a TRC market and an emissions credit market, there emerges the possibility for confusion in the accounting of ultimate environmental benefit. TRCs that have had their discrete emisssions values separated and sold individually, the paper argues, should cease to be marketable as complete commodities.