RENEWABLE ENERGY AS CARBON...
Transcript of RENEWABLE ENERGY AS CARBON...
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RENEWABLE ENERGY AS CARBON OFFSETS
Jay CarlisVice-President, Sales & Marketing
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• Clean energy market pioneer• Experienced wind and solar developer• Clean energy supplier to
– 120,000+ residences and businesses– 20 utility green power programs– Some of the largest green power
purchasers in the nation
Building a Clean Energy Future
Community Energy
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• Dedicated to maintaining and growing strong markets for renewable energy in the United States.
• Advocacy and education at federal, state, and regional levels
www.renewablemarketers.org
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The Question
Do renewable energy projects generate quality
carbon reduction products?
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Business Inventory Scope 1-2-3
* WRI GHG Protocol
*GHG emissions converted to CO2e
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Renewable Energy Certificate
• Proof that 1 MWh of electricity was generated at a renewable energy facility
• Includes all the environmental attributes of renewable energy, i.e., carbon reductions
• Used for Scope II emission reduction
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Carbon Offset
• Proof that 1 metric ton of carbon emissions was removed from or prevented from entering the atmosphere
• Wide range of sources: renewable energy, landfill gas destruction, agmethane capture, aforestation, reforestation
• Used for Scope I and III emissions
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The Question
Do renewable energy projects generate quality
carbon reduction products?
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The Answer
YES, and
US Renewable Energy Projects should be the preferred source of emission reduction products
for Scopes I, II and III for US businesses and consumers.
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What Makes a Quality Offset?
• Real
• Permanent
• Additional
• Verifiable
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Real
• Robust protocols– WRI, Green-e® Climate, Gold Standard,
Voluntary Carbon Standard
• Industry standards– 10-years of carbon reduction protocols,
claims and analysis
• Pre-regulatory questions have subsided
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Permanent
• Displaces traditional generation
• Fuel not burned = permanent reduction
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Additional
• RECs sold into compliance markets excluded
• Not industry common practice
• RECs including carbon reductions important component of renewable project financing
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Verifiable
• RECs well-established tracking mechanism
• Tracking systems in place across the country
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US Renewables as Carbon Offsets
• Real
• Permanent
• Additional
• Verifiable
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Clean Air
• Displaces fossil fuel generation
• Coal 44.6% of electricity generation (2009)
– Known to cause asthma, heart and lung disease
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Jobs & Economic Growth
25% by 2025
• 297,000 new jobs from renewable energy development
• $263.4 billion in new capital investment
• $13.5 billion in income to farmers, ranchers, and rural landowners
• $11.5 billion in new local tax revenues
Source: Union of Concerned Scientists
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Energy Security
• $64.3 billion in lower electricity and natural gas bills by 2025, growing to $95.5 billion by 2030*
• Free, homegrown fuel source
* Source: Union of Concerned Scientists
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Conclusion
• Renewable Energy is the biggest positive change story of our generation – Real Carbon Reductions
– Clean Air
– Jobs & Economic Growth
– Energy Security