Green scheme down under
Robin Lancaster reports on Australia’s government-mandated renewable energy certificates market, which – after a slow start – is expected to pick up fast
Trading of renewable energy certificates (Recs) has been sluggish during the first year of a govement-set renewable energy target in Australia. But with more than double the required number of Recs created during that period and a small amount of derivatives trading on the back of them, the market is expected to grow.
One renewables and emissions trader at an Australian energy company says: �It is very slow at the moment, but as the Recs target ramps up the amount of trading will
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