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green certificates
Green certificates represent the environmental attributes of power produced from renewable resources. By separating the environmental attributes from the power, clean power generators are able to sell the electricity they produce to power providers at a competitive market value. The additional revenue generated by the sale of the green certificates covers the above-market costs associated with producing power made from renewable energy sources. Also known as green tags, renewable energy certificates, or tradable renewable certificates.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Energy efficiency
- Company: U.S. DOE
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