The D-REC Initiative
A D-REC is a certificate representing one megawatt-hour (MWh) of electricity that has been generated from a distributed renewable energy source(s). It allows companies and individuals to buy renewable energy that was created in small installations, such as a Solar Home System or a small mini-grid. Currently RECs are only for large renewable projects - such as a solar or wind farm - and small producers are precluded from being part of that market. The D-REC Initiative from Positive.Capital Partners and South Pole aims to change that.
The D-REC Initiative
The D-REC Initiative is a multi-stakeholder, open source initiative to bring distributed renewable energy into the global market.
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GAP Analysis
This document goes over the need for DRECs, which are building on IRECs. We now understand that IRECs don't lend themselves great for the DRE market, so DRECs are being developed to work in parallel to the IRECs.
Proof of Concept
Now that we know why the D-REC is needed, we explore what it will actually look like in this document.
Press Release From South Pole
South Pole in partnership with Positive.Capital Partners joins several global philanthropies and international financial institutions to launch a transformative platform that creates a global market for distributed renewable energy (DRE).
D-REC: Financing Climate Action through Distributed Renewables
This webinar was great at taking a pretty complicated idea and explaining it in simple language with easy to understand examples (thanks to the expertise of the speakers!).