Renewable energy certificates (RECs) are a key financial tool in the renewable energy industry. Steve McComb, senior vice president at IncubEx, joins the podcast to do a deep dive on what RECs are and how they function in the marketplace across different states and regions (2:34). Steve outlines the evolution of states' renewable portfolio standards (12:06), what Texas gets right about RECs (16:32) and how RECs are traded in futures markets (18:03). We also discuss the impact proposals coming out of the Biden administration are having on the market and the role RECs are poised to play in efforts to reduce greenhouse gas emissions (20:51). And with so many companies looking to green their operations and portfolios, Steve explains how big banks are expanding their footprint in the REC space (29:35).
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