From Ecosystemmarketplace.com: Renewable Energy Credits are designed to spur the development of renewable energy by selling the rights to its environmental benefits. Carbon credits often aim to do much the same thing. Can the two get along?
The commodity price for electricity was often determined by coal plants. Unlike new wind farms, these plants had often paid off their capital costs years ago. They also didn’t have to pay for much of the pollution they generated. Harmon simply couldn’t build his farms for the price….. Full Article: Source