Trading in renewables certificates to start in Australia

Australia to launch trades in renewables certificates

Trading for renewable energy certificates will start next month with carbon credits following in 2010. From BusinessGreen.com, part of the Guardian Environment Network

The Australian Securities Exchange (ASX) said it will launch trading for renewable energy certificates (RECs) next month, with carbon credits to follow in early 2010.

ASX yesterday announced that futures and options contracts in RECs will start trading on 24 November.

The certificates, which each represent one megawatt hour of electricity generated from renewable energy, are earned by installing solar panels, wind turbines and small-scale hydroelectric projects……….. The move by ASX, Australia’s primary stock exchange, follows the government’s passage last month of legislation that will require 20 per cent of Australia’s power to come from renewable sources by 2020. http://www.guardian.co.uk/environment/2009/oct/08/australia-renewable-certificates

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