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News

  • April 14, 2021 2:41 PM | EMA Staff (Administrator)

    Sacramento, CA., – April 14, 2021 — Today, Sol Systems announces the completion of solar energy systems totaling 6.5 megawatts (MW) at seven Walmart stores across California. The portfolio includes a mixture of solar energy systems installed on the rooftops and parking lot carports and offsets the average energy use.

    Read the full story here.

  • April 08, 2021 2:48 PM | EMA Staff (Administrator)

    April 8, 2021 - San Francisco, CA - 3Degrees, a firm that helps organizations around the world achieve renewable energy and decarbonization goals, today announced that it is restructuring its Energy and Climate Practice into two teams, Climate Strategy and Power Markets, and adding several new leadership roles. 

    The move comes at a time when the company is experiencing a record number of requests to assist organizations around the world with their net zero commitments, and is designed to ensure the Energy and Climate Practice is increasingly well positioned to offer a full suite of global solutions tailored to every stage along each organization’s decarbonization journey — whether that customer is just getting started and needs assistance setting climate goals, has purchased global EACs to address its Scope 2 emissions and is now ready to enter into a power purchase agreement (PPA), or is interested in developing a new carbon project as part of its Scope 3 emissions reduction strategy. 

    Read full story here.

  • April 07, 2021 2:57 PM | EMA Staff (Administrator)

    London, 7 April 2021: Marex (the ‘Group’), an essential tech-enabled liquidity hub connecting clients to global energy, commodity and financial markets, has today reported record results for the year ended 31 December 2020. The Group continued its positive trajectory with its seventh consecutive year of increased adjusted operating profit before taxation, as well as diversified earnings across geographies, products and clients.

    The results were up across every metric, with the Group’s gross revenues up 37% at $762.4 million (2019: $554.9 million), net revenues up 18% at $414.7 million (2019: $352.2 million) and adjusted operating profit before taxation up 15% at $61.5 million (2019: $53.4 million). These results demonstrate the success of Marex’s business model and disciplined approach to risk management in an exceptionally challenging year in which, against the backdrop of the Covid-19 pandemic, Marex continued to expand through acquisition and ongoing organic growth.

    Read full story here.

  • April 01, 2021 2:45 PM | EMA Staff (Administrator)

    4/1/2021 - Chicago, IL - IncubEx, a developer for exchange traded environmental products, services, and technology solutions, is pleased to announce that Robert Gordon has joined as Chief Financial Officer. In his role, he will provide strategic financial and operational support for IncubEx.

    Gordon commented: “IncubEx is performing extraordinary work in bringing innovative exchange products to a wider audience of market participants. I am thrilled to join the team and to help IncubEx realize its full potential across more markets globally while strengthening its position as a leader in the environmental space.”

    Read the full story here.

  • January 30, 2020 8:33 AM | EMA Staff (Administrator)

    Re: EMA Comments on New Jersey’s Staff Straw Proposal on Defining the Clean Energy Act of 2018’s Statutory Cost Caps

    Dear New Jersey Board of Public Utilities and Staff:

    The Environmental Markets Association (“EMA”) is pleased to help inform the design of New Jersey’s solar transition as required by P.L. 2018, c.17 (the “Clean Energy Act”). EMA recognizes and appreciates the immense challenge that the New Jersey (“NJ”) Board of Public Utilities (“BPU”) has been assigned with in the implementation of the CleanEnergy Act, particularly around the issues of the cost cap and the desire to promote solar growth in the State, while cost-effectively achieving a 50% renewable portfolio standard (“RPS”) by 2030.

    EMA is comprised of local, regional, and national member companies that have participated in NJ’s Class I renewable energy certificate (“REC”), Class II REC, and solar renewable energy certificate (“SREC”) market programs since inception, including early engagement in the actual setup and implementation of the original renewable portfoliostandard (“RPS”) and NJ SREC program. EMA Members have worked extensively to achieve the program’s targets and continue to interface with the RPS in multiple ways (e.g., as retail electricity suppliers, basic generation service providers, REC traders, REC brokers, REC marketplaces, REC aggregators, and as renewable energy project developers and investors).

    Thank you for your consideration of our comments attached in Appendix A. EMA’s answers here are limited solely to item #3 and discuss our rationale as to why we strongly discourage the BPU from taking any actions to reform or restructure the existing NJ SREC market since this will undermine the market’s integrity and result in significant contractual and financial damages for New Jersey’s clean energy industry. Previous comments filed by the EMA may also offer the BPU useful guidance on this proceeding. The EMA is ready to offer any additional assistance as needed by the BPU as New Jersey moves toward its clean energy future.

    View the Full Comments Here

  • January 20, 2020 2:54 PM | EMA Staff (Administrator)

    M-RETS announces that it now accepts exports from ERCOT! M-RETS supports open and transparent markets. If your current system does not have import/export with M-RETS, please contact them and ask them to establish a connection.

    The rules governing the Texas Renewable Energy Credit Trading Program do not provide a directive on exporting or importing files with other REC Trading Programs. Reasons to retire a REC in the Texas REC Trading Program include mandatory (compliance with the RPS mandate), voluntary and expired (still in the trading program when the REC reaches end of life). The Texas REC Trading Program does not export the REC, and any use of a REC retired in the Texas REC Trading Program by another REC Trading Program would be subject to that Trading Programs rules.

    In 2018 ERCOT added a process whereby Account holders can identify the reason for retiring a REC by adding an optional field where an Account holder could leave the field empty or enter “green-e” or “export”. To complete an export to M-RETS, the ERCOT Account holder must enter in the empty field, “Export to M-RETS” along with the date of the transaction. For example, if the export is initiated on October 1, 2018, for M-RETS to process the Export the field must read, “Export to M-RETS effective 10/01/2018.”

    Read the full story here.

  • March 01, 2019 7:36 AM | EMA Staff (Administrator)

    The Environmental Markets Association (“EMA”) is pleased to help inform the design of New Jersey’s solar transition as required by P.L. 2018, c.17 (the “Clean Energy Act”). EMA recognizes and appreciates the immense challenge that the New Jersey (“NJ”) Board of Public Utilities (“BPU”) has been assigned with in the implementation of the CleanEnergy Act, particularly around the issues of the cost cap and the desire to promote solar growth in the State, while cost-effectively achieving a 50% renewable portfolio standard (“RPS”) by 2030.

    EMA is comprised of local, regional, and national member companies that have participated in NJ’s solar renewable energy certificate (“SREC”) market program since inception, including early engagement in the actual setup and implementation of the original NJ SREC program. EMA Members have worked extensively to achieve the program’s targets and continue to interface with the policy in multiple ways (e.g., as retail electricity suppliers, basic generation service providers, SREC traders, SREC brokers, SREC marketplaces, SREC aggregators, solar energy project developers, and as solar energy project investors). Accordingly, the EMA believes it is in a unique position to provide the BPU with a balanced perspective of this policy’s history and to help the BPU adopt a balanced framework that can satisfy each SREC Transition Principle.

    EMA’s comments are primarily focused on the design of the solar successor program and the diverse set of options and tools available to the NJ BPU that can be used to establish an RPS budget that can accommodate the NJ Class I, NJ SREC, and the forthcoming NJ SREC II program. The EMA strongly recommends that the NJ BPU pursue a tradable NJ SREC II program that is modelled based on the existing, effective, NJ SREC program. Enclosed in this submission please find the following:

    • Appendix A – Answers to NJ Solar Transition Staff Straw Proposal Questions

    • Appendix B – Best Practice Principles for Renewable Energy Certificate Markets

    • Appendix C – Supplemental Guidance Document

    • Attachment A: Excel-based Model “NJ SREC Successor Program Model – EMA

      View Full Comments Here

  • February 05, 2019 6:37 AM | EMA Staff (Administrator)

    The Environmental Markets Association (“EMA”) appreciates the opportunity to provide its responses to the set of questions the Massachusetts Department of Energy Resources (“DOER”) recently posted regarding the design and development of the Clean Peak Energy Portfolio Standard (“CPS”) that was established pursuant to the enactment of Chapter 227 pf the Acts of 2018. While there is no shortage of challenges associated with creating such a complex and comprehensive program, EMA is very excited about the prospects for the CPS and believes DOER has the opportunity to design a market-based mechanism that will serve as the template for many other states that are interested in pursuing similar clean energy objectives. We appreciate DOER’s inclusive approach to this important undertaking and look forward to participating in this process to assist the Commonwealth in meeting its economic and environmental sustainability policy objectives in the most efficient and cost-effective manner possible.

    The EMA is a US-based trade association representing companies that have interests in the trading, legislation, and regulation of environmental markets. EMA was founded in 1997 as a 501(c)(6) not-for-profit organization. The members have decades of extensive, first-hand experience with market instruments related to federal and regional cap-and-trade programs in sulfur dioxide (“SO2”), nitrogen oxide (“NOx”), renewable fuels (“RINs”), and greenhouse gas emissions (carbon allowances and offsets), as well as state- driven renewable energy certificate (“REC”) programs. EMA’s diverse member group represents a wide variety of participants in the clean energy markets, from utilities and electricity suppliers to renewable energy project developers and investors. Our members have extensive operational experience with renewable portfolio standards (“RPS”) compliance, REC trading, and renewable energy investment and, collectively, have significantly contributed to the aggregate economic investment to achieve the Commonwealth’s RPS. The EMA has a vested interest in the continued success of comprehensive and inclusive market-based mechanisms and RPS programs, including the CPS. Relying on our broad-based membership and their cumulative experience in these programs, we believe that EMA can provide a unique perspective as it relates to DOER’s Policy Deliberative.

    View the Full Comments Here

  • November 02, 2018 5:24 PM | EMA Staff (Administrator)

    The Environmental Markets Association (“EMA”) appreciates the opportunity to provide input to the New Jersey Board of Public Utilities (“BPU”) regarding S2314 / A3723’s legislative requirement to close the current solar renewable energy certificate (“SREC”) market and transition the state to a more cost-effective solar energy program. EMA commends the BPU for its leadership in making New Jersey a national leader in solar energy. The EMA believes that New Jersey’s renewable portfolio standard (“RPS”) SREC market has been extremely successful at incentivizing new solar energy generation since its enactment. This policy has consistently achieved the stated legislative requirements in every year and has successfully facilitated the development of more than 2,500 megawatts of solar energy in only a decade. We look forward to participating in this process to ensure New Jersey accomplishes its economic and environmental sustainability policy objectives in the most efficient and cost-effective manner.

    The EMA is a U.S.-based trade association representing companies that have interests in the trading, legislation, and regulation of environmental markets. EMA was founded in 1997 as a 501(c)(6) not-for-profit organization. The members have decades of extensive, first-hand experience with market instruments related to federal and regional cap-and-trade programs in sulfur dioxide, nitrogen oxide, and greenhouse gas emissions, as well as state-driven renewable energy certificate (“REC”) programs. EMA’s diverse member group represents a wide variety of participants in the clean energy markets, from utilities and electricity suppliers to renewable energy project developers and investors. Our members have extensive operational experience with RPS compliance, REC trading, and renewable energy investment in several states and, collectively, have contributed to the aggregate economic investment of billions of dollars to achieve New Jersey’s RPS. The EMA has a vested interest in the continued success of market-based mechanisms and RPS programs throughout the U.S. Given this, we believe that the EMA is uniquely qualified to share its experience with the BPU, especially as it relates to our recommendation that competitive and tradable SREC markets remain the primary solar policy framework for the successor solar program.

    View Full Comments Here

  • October 23, 2018 5:22 PM | EMA Staff (Administrator)

    The Environmental Markets Association (“EMA”) appreciates the opportunity to provide input to the CleanEnergy DC Omnibus Amendment Act of 2018 (the “Act”). EMA applauds the Council’s efforts in making Washington, D.C. (the “District”) a leader in clean energy and commends the Public Service Commission (“PSC”) for its effective implementation to date of the District’s renewable portfolio standard (“RPS”). DC’s RPS policy has been successful at incentivizing new clean and renewable energy generation since its enactment and currently serves as an example for other policymakers. We look forward to participating in this process to ensure the District accomplishes its economic and environmental sustainability policy objectives in the most efficient and cost-effective manner.

    The EMA is a US-based trade association representing companies that have interests in the trading, legislation, and regulation of environmental markets. EMA was founded in 1997 as a 501(c)(6) not-for-profit organization. The members have decades of extensive, first-hand experience with market instruments related to federal and regional cap-and-trade programs in sulfur dioxide (SO2), nitrogen oxide (NOx), renewable fuels (RINs), and greenhouse gas emissions (Carbon Allowances and Offsets), as well as state-driven renewable energy certificate (“REC”) programs. EMA’s diverse member group represents a wide variety of participants in the clean energy markets, from utilities and electricity suppliers to renewable energy project developers and investors. Our members have extensive operational experience with RPS compliance, REC trading, and renewable energy investment and, collectively, have significantly contributed to the aggregate economic investment to achieve the District’s RPS. The EMA has a vested interest in the continued success of market-based mechanisms and RPS programs. Given this, we believe that the EMA is uniquely qualified to share its experience with the Council as it relates to the District’s RPS and its continued use as the primary policy framework on the path toward 100% clean energy.

    View the Full Comments Here

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