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Explore with us Renewable Energy Certificates (RECs), a potentially lucrative revenue stream for operators of renewable mini-grids. We delve into the various forms of RECs, including I-RECs, P-RECs, D-RECs, and R-RECs, breaking down their characteristics, differences, and unique features.

Our expert guests Linda Wamune (P-RECs), Stuti Dubey (D-RECs) and Nicholas Selby (R-RECs) provide valuable insights into the appropriate contexts for using each type of REC and discuss which are the easiest to manage and which ones are best integrated into the marketplace. Additionally, we examine which RECs offer the highest potential revenues and which ones require the lowest level of effort to administer the REC registration and sales process.

Links to the organizations participating in this episodes:
Landing - D-REC Initiative (drecs.org)
P-REC — Energy Peace Partners
R-RECs

Links to papers cited in the show:

• Power Africa Report showing that only 30% of the revenues are going to project developers: https://scms.usaid.gov/sites/default/files/2023-11/Power-Africa-Carbon-Credits-for-OGS-Companies.pdf
• The R-REC Standard: https://www.r-recs.com/The%20R-REC%20Standard.pdf
• The I-REC Standard: https://www.trackingstandard.org/wp-content/uploads/The-International-Attribute-Tracking-Standard-v1.0.pdf
• UNFCCC tool to convert renewable energy generation from mini-grids into carbon reduction: https://cdm.unfccc.int/UserManagement/FileStorage/PC1WKORVI7DGMFS84L5N03JTXZBY9U
• First peer-reviewed, comprehensive socioeconomic impact analysis of mini-grids in rural Africa: https://arxiv.org/abs/2401.02445
• McKinsey report estimating VCM hitting $50B by 2030: https://www.mckinsey.com/capabilities/sustainability/our-insights/a-blueprint-for-scaling-voluntary-carbon-markets-to-meet-the-climate-challenge
• Daedal Research article showing global carbon market hitting almost $3T by 2028: https://www.researchandmarkets.com/report/carbon-credit
• Guardian article showing 90% of the carbon assets from one of Verra's sales were fraudulent: https://www.theguardian.com/environment/2023/jan/18/revealed-forest-carbon-offsets-biggest-provider-worthless-verra-aoe
• New Yorker article about similar event: https://www.newyorker.com/magazine/2023/10/23/the-great-cash-for-carbon-hustle

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