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Kyoto's emissions targets and associated feed-in tariffs are now encouraging Energy Companies to generate a minimum of 10% of their electricity output from sustainable sources. If they have not managed to produce the required amount of green energy themselves they must buy RECs on the open market to make up the shortfall. If they fail to buy the required amount fines can be imposed.
RECs are good news for renewable energy as they ensure a certain minimum percentage of Green Electricity is produced nationally and provide the financial incentive to encourage generators to invest in Renewable Energy Schemes of their own.
What are Renewable Obligation Certificates?
What are Green Tags?
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