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Carbon Credits and Power Purchase Agreements 101
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Do you ever hear acronyms like REC, ESG, and PPA and find yourself instantly confused? Joining us this week is Dana Saric from Capital Power who explains Power Purchase Agreements (PPAs) and carbon credits and how they affect the energy industry.
Capital Power, a forward-thinking power producer, is dedicated to achieving net zero operations by 2045. Power Purchase Agreements (PPAs) are a crucial part of their business, enabling them to sell power in various ways to their customers. Realize how Indigenous communities can decarbonize with PPAs, and be inspired by the positive impact of carbon credits and Renewable Energy Certificates (RECs) on our energy future.
Takeaways:
- PPAs can include the purchase and sale of carbon credits, such as Renewable Energy Certificates (RECs), allowing companies to claim their operations are powered by green or carbon-neutral sources.
- Indigenous communities can participate in decarbonization through PPAs by developing their own renewable projects, partnering with existing developers, or entering into commercial arrangements.
- PPAs can help entities fulfill their ESG requirements by providing zero-carbon electricity, ensuring responsible procurement, and promoting community engagement.
#SustainableEnergy #RenewableEnergy #EnergyTransition #CarbonCredits #PPAs #CapitalPower #IndigenousCommunities #Decarbonization #ESG #GreenEnergy #RenewableCertificates #CarbonFootprint #CleanEnergy #EnergySolutions #ReimaginedEnergyPodcast
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