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Wednesday July 24th 2019

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Boulder’s Power Supply: What are GHG–offsets and RECs?


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“Boulder’s Power Supply: What are GHG–offsets and RECs? What’s the value of carbon reduction and offset mechanisms? Is there an Optimal Mix for Boulder?”

Featuring Invited Guests:
Wiley Barbour, Vice President, Camco North America
Alden Hathaway, Senior Vice President, Sterling Planet &
Ben Vitale, Executive Director, The Climate Trust
6:30 Refreshments
7:00 – 8:45 Presentation
The Presentation:
Energy and climate professionals, Wiley Barbour, Ben Vitale and Alden Hathaway will discuss the different options available for the City of Boulder to reduce its greenhouse gas emissions.
These options include:
(1) Directly generating electricity with renewable forms of generation and retaining all environmental attributes (Renewable Energy Credits, REC’s) associated with each MWh of electricity production;
(2) Directly purchasing electricity produced with renewable forms of generation along with the RECs associated with each MWh of electricity production;
(3) Continuing to purchase electricity generated mostly from fossil fuels, but purchasing RECs associated with renewable forms of generation to offset all or some of the MWhs of electricity produced by fossil fuel generation; and
(4) Continuing to purchase energy (which may include electricity, natural gas, or transport fuels) generated mostly or entirely with fossil fuels, but purchasing GHG/carbon credits which result in the verified reduction of greenhouse gas emissions at a specified source of emissions.
The intention of the presentation is to provide a contextual framework within which Boulder residents may evaluate a long-term GHG–offset or REC purchase proposal, such as the Xcel Energy proposal, and especially to consider the appropriate mix of these four various options for Boulder’s energy future.
For more information, contact aguinan@cleanenergyaction.org.
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