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Full-Text Articles in Law
Why The Renewable Energy Credit Market Needs Standardization, Lisa Koperski
Why The Renewable Energy Credit Market Needs Standardization, Lisa Koperski
Washington Journal of Law, Technology & Arts
Renewable Energy Credits (RECs) are a relatively new financial instrument that help to stimulate the renewable energy market through capturing the premiums for environmental attributes associated with electricity, hopefully, encouraging investment in new renewable energy projects. However, lack of standardization in both the definition of RECs and the ways that RECs can be exchanged and administered has led to confusion on the parts of all concerned—the REC seller, the REC buyer, regulators, and the public at large—stymying investment in renewable energy projects and creating market inefficiency. Much like inconsistent accounting definitions or divergent requirements for providing investment guidance to consumers …
Building A Better Process: Improving Washington State's "Energy Facility Site Evaluation Council" Review Procedures To Better Encourage Public Participation, Gregory L. Porter
Building A Better Process: Improving Washington State's "Energy Facility Site Evaluation Council" Review Procedures To Better Encourage Public Participation, Gregory L. Porter
Washington Journal of Environmental Law & Policy
Washington State's Energy Facility Site Evaluation Council (EFSEC) is responsible for siting the state's energy facilities. The current process can frustrate robust public participation. One reason is that applicants must submit a single, comprehensive, application and these submissions have grown to enormous size and complexity. Local groups struggle with responding to these complex applications in time. Additionally, the council uses quasi-judicial adjudication where the applicant is represented by professional counsel, but local groups may lack the financial support to retain comparable counsel. Washington should learn from how New York overhauled its energy facility siting process in 2011. New York's Board …