Utilizing Carbon Offsets & Renewable Energy Credits: Post Waxman-Markey Strategies Speaking Engagement 09.16.2009 12:00am Topic
As Federal cap-and-trade policy continues to evolve, a convergence of regulations, market mechanics, economics and environmental issues is anticipated. On June 26, 2009, the U.S. House of Representatives passed the American Clean Energy and Security Act of 2009 (ACES, H.R. 2454), known as the Waxman-Markey (W-M) comprehensive energy bill. ACES would establish an economy-wide cap-and-trade program for the reduction of greenhouse gas (GHG) emissions, under a new title of the Clean Air Act administered by the Environmental Protection Agency (EPA), and implement a Federal Renewable Energy Standard (RES) establishing a combined energy efficiency and renewable electricity standard that requires utilities to supply an increasing percentage of their demand from a combination of energy efficiency savings and renewable energy.

This teleconference explored the legislative, commercial and administrative issues of utilizing carbon offsets and renewable energy credits as cost-containment instruments that will be driven by the goal to reduce economy-wide GHG emissions 17 percent by 2020.

Three experts, with continuing focus on the future of a low-carbon economy, set the stage by reviewing current legislation, and discussing existing carbon offset and renewable energy credit markets, including the ‘convergence’ of environmental markets, they will then highlight a case study in environmental commodity integrity from a carbon offset administrator point-of-view: