What are the differences between Renewable Energy Credits and Carbon Credits
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RECs are tradable environmental commodities that allows companies or individuals to displace their non-renewable electricity consumption with the output that came directly from a renewable source.
It seeks to encourage the production of renewable energy by allowing companies or individuals to buy the renewable energy.
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Carbon credits are transferable certificates that represent a reduction in greenhouse gas emission or an increase in carbon storage, to allow companies to compensate for their own emissions of greenhouse gases.
Its purpose is to limit emission causing activities and promote carbon storage actions.
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