skip to main content
OSTI.GOV title logo U.S. Department of Energy
Office of Scientific and Technical Information

Title: Implications of Carbon Regulation for Green Power Markets

Abstract

This paper examines the potential effects that emerging mandatory carbon markets have for voluntary markets for renewable energy, or green power markets. In an era of carbon regulation, green power markets will continue to play an important role because many consumers may be interested in supporting renewable energy development beyond what is supported through mandates or other types of policy support. The paper examines the extent to which GHG benefits motivate consumers to make voluntary renewable energy purchases and summarizes key issues emerging as a result of these overlapping markets, such as the implications of carbon regulation for renewable energy marketing claims, the demand for and price of renewable energy certificates (RECs), and the use of RECs in multiple markets (disaggregation of attributes). It describes carbon regulation programs under development in the Northeast and California, and how these might affect renewable energy markets in these regions, as well as the potential interaction between voluntary renewable energy markets and voluntary carbon markets, such as the Chicago Climate Exchange (CCX). It also briefly summarizes the experience in the European Union, where carbon is already regulated. Finally, the paper presents policy options for policymakers and regulators to consider in designing carbon policies tomore » enable carbon markets and voluntary renewable energy markets to work together.« less

Authors:
; ;
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE
OSTI Identifier:
903074
Report Number(s):
NREL/TP-640-41076
TRN: US200720%%181
DOE Contract Number:  
AC36-99-GO10337
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION; 54 ENVIRONMENTAL SCIENCES; CARBON; CLIMATES; EUROPEAN UNION; MARKETING; PRICES; REGULATIONS; RENEWABLE ENERGY SOURCES; GREENHOUSE GASES; CARBON REGULATION; CLIMATE CHANGE; GREEN POWER; RENEWABLE ENERGY MARKETS; RENEWABLE ENERGY CERTIFICATES; RECS; VOLUNTARY MARKETS; GREENHOUSE GAS EMISSIONS; CLIMATE POLICY; Energy Analysis

Citation Formats

Bird, L., Holt, E., and Carroll, G. Implications of Carbon Regulation for Green Power Markets. United States: N. p., 2007. Web. doi:10.2172/903074.
Bird, L., Holt, E., & Carroll, G. Implications of Carbon Regulation for Green Power Markets. United States. doi:10.2172/903074.
Bird, L., Holt, E., and Carroll, G. Sun . "Implications of Carbon Regulation for Green Power Markets". United States. doi:10.2172/903074. https://www.osti.gov/servlets/purl/903074.
@article{osti_903074,
title = {Implications of Carbon Regulation for Green Power Markets},
author = {Bird, L. and Holt, E. and Carroll, G.},
abstractNote = {This paper examines the potential effects that emerging mandatory carbon markets have for voluntary markets for renewable energy, or green power markets. In an era of carbon regulation, green power markets will continue to play an important role because many consumers may be interested in supporting renewable energy development beyond what is supported through mandates or other types of policy support. The paper examines the extent to which GHG benefits motivate consumers to make voluntary renewable energy purchases and summarizes key issues emerging as a result of these overlapping markets, such as the implications of carbon regulation for renewable energy marketing claims, the demand for and price of renewable energy certificates (RECs), and the use of RECs in multiple markets (disaggregation of attributes). It describes carbon regulation programs under development in the Northeast and California, and how these might affect renewable energy markets in these regions, as well as the potential interaction between voluntary renewable energy markets and voluntary carbon markets, such as the Chicago Climate Exchange (CCX). It also briefly summarizes the experience in the European Union, where carbon is already regulated. Finally, the paper presents policy options for policymakers and regulators to consider in designing carbon policies to enable carbon markets and voluntary renewable energy markets to work together.},
doi = {10.2172/903074},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Sun Apr 01 00:00:00 EDT 2007},
month = {Sun Apr 01 00:00:00 EDT 2007}
}

Technical Report:

Save / Share: