Renewable Energy Credits


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ALA is proficient in all of the various global carbon markets and works with its clients in the following carbon markets:

• Regional Greenhouse Gas Initiative (“RGGI”)
• CERs
• EUAs
• VERs

The Regional Greenhouse Gas Initiative (RGGI) is a cooperative effort among states in the Northeast and Mid-Atlantic regions (See Map) to reduce greenhouse gas emissions to 1990 levels by 2014 - and an additional 2.5% per year through 2018. (See Map for list of RGGI States).

RGGI will rely, in part, on a multi-state cap-and-trade system to reduce greenhouse gas emissions. Initially, RGGI will be targeting CO2 reductions from power plants in the participating states with an output of 25 megawatts (MW) or more and which burn 50% or more fossil fuel. In the future, RGGI may target other modes of carbon dioxide emissions, as well as greenhouse gases aside from carbon dioxide.

Power plants in each state will be allowed to emit a certain number of tons of CO2, as dictated under the cap. Sources must submit allowances equal to their levels of greenhouse gas emissions. This is likely to result in a trading market for RGGI allowances. In addition, RGGI states will allow sources to use carbon credits or offsets to account for a portion of their actual carbon emissions under some circumstances. (Source – DSIRE)
Click here for REC Pricing