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capandtrade -- Retirement of Allowances from Voluntary Renewable Electricity Account
Posted: 06 Jan 2017 14:43:51
The Air Resources Board (ARB) has retired 184,850 vintage 2013 allowances from the Cap-and-Trade Program’s Voluntary Renewable Electricity (VRE) account on behalf of five VRE Program participants. Details of the retirement are available at the VRE website: https://www.arb.ca.gov/cc/capandtrade/renewable/vreparticipants.htm. Background The VRE Program allows purchasers of eligible voluntary renewable electricity to request retirement of allowances on their behalf under the Cap-and-Trade Program. The VRE Program supports purchases of renewable electricity and renewable energy credits (REC) that are not mandated by the Renewables Portfolio Standard, and provides a mechanism for the recognition of voluntary purchases of renewable electricity or RECs in the Cap-and-Trade Program. The Cap-and-Trade Regulation specifies a percentage of allowances to be set aside each year for VRE purposes. Retirement of these allowances leaves 420,284 vintage 2013 allowances (over 50 percent of the original 814,000 vintage 2013 allowances set aside in the VRE account) available for future retirement. More information about ARB’s Cap-and-Trade Program is available at http://www.arb.ca.gov/cc/capandtrade/capandtrade.htm. More information about the VRE Program is available at https://www.arb.ca.gov/cc/capandtrade/renewable/renewable.htm. California is in a drought emergency. Visit www.SaveOurH2O.org for water conservation tips.
