The Western Climate initiative releases comprehensive program structure

Western climate initiative (WCI) published template, a comprehensive program that includes recommendations for voluntary purchases and renewable energy certificates (RECs) role. WCI are 11 partner States and the regions and the target of reducing greenhouse gas emissions (Energiataseiden) 2005 to 15% by 2020.

As well as the regional Greenhouse Gas Initiative (RGGI) template rule, WCI design program includes a voluntary scheme, which sets aside a retirement allowances, in recognition of the voluntary purchases of renewable energy sources. each WCI Partners the power to decide whether you want to accept this provision.

WCI design of the programme we also recommend that compliance with the RECs is no longer relevant to WCI CAP and trade program. in this way, the allowances should Energiataseiden RECs and a distinct market and that the complexity of the overlap in regulatory regimes be avoided from the two.If renewable energy into the WCI outside the territory of the region, WCI does not attribute the value of the emissions of greenhouse gas, regardless of whether the attributes associated with the environment was already sold on the voluntary market or State RPS are complied with.

DetailsThe structure of the regional programme for the WCI

DetailsVoluntary Renewable Energy Market: problems and recommendations