Concept

Renewable Energy Certificate System

Summary
The Renewable Energy Certificate System (RECS) was a voluntary system for international trade in renewable energy certificates that was created by RECS International to stimulate the international development of renewable energy. It advocated the use of a standard energy certificate to provide evidence of the production of a quantity of renewable energy and provided a methodology that enables renewable energy trade, enabling the creation of a market for renewable energy and so promoting the development of new renewable energy capacity. A RECS energy certificate was issued for every 1 megawatt-hour (MWh) of renewable energy produced by an electricity generation facility that was registered with the relevant national RECS issuing body. These certificates could be transferred between market parties in different countries and were used to provide evidence of the consumption of renewable energy – at which point they were made non-transferable, in order to ensure that the "renewable benef
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