Explore the Impact of Renewable Energy Certificates in 2025
The Global Renewable Energy Certificate Market Share is Anticipated to Exceed USD 147.2 Billion by 2033, Growing at a CAGR of 26.26% from 2023 to 2033. A Renewable Energy Certificate (REC) is a market-based tool that represents the environmental, social, and other non-power attributes associated with the generation of renewable electricity. One REC is issued for each megawatt-hour (MWh) of electricity produced from a renewable energy source and delivered to the grid. In the U.S., RECs serve as the official means of verifying and substantiating claims of renewable energy generation and usage. Supported by various levels of government, regional electricity transmission authorities, NGOs, trade associations, and U.S. case law, RECs are crucial for utilities and businesses to comply with legal requirements. Many states mandate that utility companies generate a certain percentage of their electricity from renewable sources, driving the demand for RECs. This study gives a d...