Renewable Thermal Instruments and GHG Accounting
The renewable thermal energy (RTE) market continues to be extremely challenging because costs for renewable technologies remain more expensive than conventional, non-renewable thermal options.
A robust market for high quality renewable thermal market instruments to effectively track RTE investments and facilitate a largescale increase in RTE deployment, complemented by federal and state policies like the Inflation Reduction Act, can effectively help bridge this fundamental market barrier.
Market instruments were key to accelerating renewable electricity deployments and procurements to support both voluntary and compliance markets, and the RTC is working to help replicate that success for RTE.
What is the RTC Doing:
The RTC continues to work with our members, sponsors and other stakeholders to establish and implement strategies to help build and grow a credible and effective market for renewable thermal market instruments.
The RTC is working to help potential and active market participants better understand the challenges and opportunities for utilizing market instruments to accelerate widespread adoption of renewable thermal energy.
The RTC is also working to help members make strong, credible public statements about the renewable thermal procurements and investments they are making.