Given the recent talks and featured news stories in the last few months, you would be forgiven for becoming increasingly confused with what is going on in the world of sustainable green energy and its role within current power demands. So to try and decipher some of the critical elements, we’ve put together a simple explanation of two of the key principles.
RET – stands for ‘Renewable Energy Target’ and has recently passed through parliament as a law which aims to see our level of carbon emissions drop significantly, come the year 2020. The ‘Target’ figure for this date is to have achieved a total of 20% energy production from Renewable Energy sources, including the likes of Renewable Air Energies technology.
ETS – stands for ‘Emissions Trading Scheme’ and facilitates businesses inability or unwillingness to ‘go green’ as well as rewarding those who do. For those parties that make the transition, with the likes of Renewable Air Energies paving the way in accessible, practical and economically viable options in green and sustainable energy production, the ability to reduce carbon emissions is rewarded by a official certificate, which can be subsequently ‘traded’ under ETS agreements, at a price which benefits the company in possession of the certificate. What this amounts to is a financial incentive to those businesses, currently outputting high levels of carbon emissions to make the transition to green energy supply, and in doing so cut their costs.
Thanks to the development of products from Renewable Air Energies, this could not be more opportune time to switch to green energy production, with the facility to cut costs, not just from ETS proposals but also in the technology implemented, providing a renewable, sustainable and ultimately more cost efficient option then its polluting counterparts.
Originally posted 2009-09-15 20:10:58.
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