Explaining the Difference between Carbon Offsets and Renewable Energy Credits
By:James Nash
You think you understand renewable energy credits. You're sure you understand Carbon Offsets. You are fuzzy on the details about how they differ and when the purchase of one or the other might be appropriate. Never fear! This article explains the key differences, and similarities, between the two.
The first difference is the way that offsets and Renewable Energy Credits (RECs) are measured. Carbon offsets are measured in metric tons of C02 or C02 Equivalent. Renewable Energy Credits are measured in kilowatt hours, wh...
Posted : July 28, 2010 | 
Comments : 0 | 
US Government Funding Renewable Energy Facilities
$3 Billion in direct payments in lieu of tax credits for renewable energyThe U.S. Department of the Treasury and the U.S. Department of Energy announced they are accepting applications for a new program that will make direct payments to offset the cost of renewable energy facilities. The two Departments estimate distributing at least $3billion in financial support for solar, wind, and other types of green energy. The funds will be made available through the American Recovery and Reinvestment Act. If accepted into the program, applicant must forgo any future income tax credits related to the approved project. The objective of funding the renewable energy projects now is to stimulate the economy and create jobs in the renewable energy field.
Posted : August 15, 2009 | Comments : 0 | 
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