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NREL, LBNL Sponsor Workshop on Renewable Energy Certificates (RECs)

September 1, 2007

In early September, the Department of Energy's Office of Energy Efficiency and Renewable Energy (DOE-EERE) held a "Workshop on Renewable Energy Certificate Markets and Challenges" in Washington, D.C. The main goal was to promote an exchange of experiences and lessons learned on renewable energy certificates or credits (RECs) – and to identify market design and implementation factors that currently constrain REC liquidity and trading. EERE also wanted to identify activities that will promote greater liquidity in RECs markets, particularly those that DOE can pursue in partnership with states, regional organizations, and the renewable energy industry.

NREL led the coordination of the workshop, with the help of Lawrence Berkeley National Laboratory (LBNL). Afternoon breakout sessions identified specific recommended activities for DOE, including addressing seams issues between REC tracking systems, helping the market recognize RECs as a real commodity, and holding additional meetings to further discuss REC market issues. NREL is compiling an outcomes document that will be released in the coming weeks.