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Surging demand has pushed up the U.S. price of renewable energy certificates, a financial instrument that lets companies say they bought clean electricity from the grid. The price of RECs more than quadrupled at one point last year and is still around triple its level for most of the past decade, data trackers say.
REC What’ll it mean 4 CCAs? “I said I want to buy a REC.. She said ‘we don’t use RECs here in California for green house gases’… this is coming from the air resources board chairman.” n_llopez Sammy_Roth -JimPhelps convo w frmr ARBMary Nichols 24:15
Raise the cost of energy and guess what ? The cost of renewables goes up. Wind and solar are not self replicating. Try sourcing the materials, build and transport and erect a wind generator without fossil fuels.
A large part of the problem is no one has a plan to go green! The Administration is trying to force people by pain at the pump and fear mongering! There needs to be a comprehensive plan for each sector that includes the infrastructure required, backup power, etc.