Market Principles Committee

Recommended Principles for Market-Based Solutions

‍EMA strongly supports the utilization of markets to achieve environmental policy goals. Well-designed markets yield many benefits including, but not limited to, transparent price signals determined through competition, risk mitigation opportunities, incentives for technological innovation, efficient allocation of capital and resources, investor certainty, and ratepayer protection.  To that end, EMA endorses the following principles for meeting environmental policy goals through market-based programs:

• Tradeable Products
• Market-Based Pricing
• Market Design that Fosters Transparency, Competition, and Liquidity
• Market Oversight
• Market Integrity and Stability

‍Best Practice Principles for REC Markets

‍EMA has established a set of Best Practice Principles for Renewable Energy Certificate (REC) Markets, which can be applied to construct tradable REC markets that achieve RPS policy objectives in the most cost-effective manner.

• ‍Best Practice Principles for Renewable Energy Certificate Markets
• Supplemental Guidance Document for Best Practice Principles for Renewable Energy Certificate Markets
   

More Information: To view existing EMA position papers and other resources, visit the Resources page.

‍How to Participate: Please review the Committee Roles and Responsibilities and then email [email protected] to request to join this committee.

EMA Market Principles Committee Charter
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Approved by EMA Board March 5, 2022 Purpose: The Purpose of this Committee is twofold: To identify and advance market-based principles in support of EMA’s Mission to support open, competitive, and tradable market-based solutions for the cost-effective achievement of sustainable development; To establish a forum by which EMA Members can connect to study, research, debate, and publish educational resources for use by EMA Members, Policy Makers, and interested stakeholders on market design issues impacting EMA’s Mission and our industry.

‍Governance: The EMA Board shall appoint a Committee Chair no less than annually who must be an EMA Member in good standing and a Member of the Board. The Committee Chair may appoint a Committee Co-chair who must only be an EMA Member in good standing. The Committee Chair is responsible for cultivating and maintaining the Committee’s Brand in producing thoughtful, high-quality, and well-researched educational materials.

‍Permitted Activities: All published materials must support EMA’s Mission and adhere to EMA’s Board-Approved Market Principles. Committee Members are permitted to draft and submit materials for review by the Committee. All materials must be approved by the Committee Chair and the EMA Board through a majority vote. The Market Principles Committee and its Members are permitted by the EMA Board to publish the following types of materials:

‍Market Principles – Sets of best-practice principles for environmental markets.  

‍Position Papers – Detailed, high-quality, and well-written research papers.  

‍Articles – Well-written topical articles that examine an industry issue.  

‍Blogs – Brief topical articles that examine an industry issue for EMA’s Website.  

‍Infographics – Compact visualizations that succinctly communicate market design.  

‍Presentations – Slide-based presentations for workshops and meetings.  

‍Case Studies – Past examinations of market successes and failures.

‍Membership Requirements & Duties: Committee