
90 Project development in the solar industry
that was traded separate from the underlying electricity will carry a renewable (i.e.
zero) emissions characteristic or a system average emissions rate for carbon com-
pliance purposes. The issue is further complicated by the fact that while RPS and
carbon programs exist to achieve similar environmental and social goals, they are
separately managed and run. When too many separate government branches are
tasked with administering rules and measuring compliance of similar programs, one
can expect a certain level of ambiguity and misalignment with commercial realities.
Several years of REC trading data ...