Green Markets’ Programs
In collaboration with others, through a mix of technical assistance, educational outreach, and other strategies, Green Markets strived to increase the use of renewable energy and energy efficiency for environmental protection and economic development. Our past programs have helped to enhance the capacity of sustainable energy stakeholders to participate in the international carbon market, and included direct technical support for carbon market participation. Currently Green Markets provides resources through its website to help build knowledge about community shared renewable energy, carbon market logistics and opportunities, and other mechanisms to support the expanded use of renewable energy, energy efficiency, and other climate protection options.
Community shared renewables arrangements enable individuals to share in the benefits of renewable energy projects, generally through projects located in, or close to, the community where they live. The specific arrangements can vary but typically involve participating community members making an investment that provides a share in the energy and/or financial returns from a renewable energy project. In the United States, a number of solar photovoltaic installations now involve these types of arrangements; outside the United State there is significant experience with community shared renewables arrangements involving other technology applications (e.g., for wind projects, and district heating).
Legal and institutional complexities related to project finance and administration make the successful development of shared renewable energy projects quite challenging in the United States, yet experience to date with shared solar projects indicates that the complexities can be managed and successful projects brought to fruition. We believe community shared renewables arrangements hold significant potential to enable the benefits of renewable energy systems to flow to individual investors participating in solar and other renewable energy projects.
We have made information available to help interested parties understand the opportunities and gain access to resources that can help to address the complexities involved in developing community shared renewable energy activities. For further information and resources, visit www.green-markets.org/community.htm
A range of activities can generate greenhouse gas reductions while advancing sustainable development. The carbon offsets market holds substantial promise as a source of catalytic funding, but barriers often impede market access for small and medium sized enterprises, local government bodies, and development organizations.
Green Markets' carbon market information program provided information and links to resources to increase knowledge about the greenhouse gas reduction market so that it can become more broadly inclusive, with the goal of helping to enable carbon market access for small-scale activities and for initiatives conceived and implemented by stakeholders who might otherwise be left out.
Under the sustainable energy acceleration program, Green Markets worked to enhance understanding about the climate protection attributes of renewable energy and energy efficiency applications, and to build knowledge about innovative financial mechanisms for small-scale sustainable energy technologies. Areas of focus have included:
With support from the Renewable Energy and Energy Efficiency Partnership, Blue Moon Fund, and Oak Foundation, Green Markets worked to boost the use of solar water heating systems for climate protection and economic development through the Innovative Financing to Accelerate Solar Water Heating initiative.
Solar water heaters are often cost effective, locally manufactured in many countries, and can contribute substantially to climate protection and economic development. Yet solar water heater markets have remained small in many locations, even where conditions for market growth appear quite promising. Barriers related to the lack of available arrangements to address the high up-front cost of the technology are commonly among the main impediments to market growth for solar water heating. Innovative business structures such as fee-for-service and ESCO operations and financial mechanisms such as carbon trading can help to surmount financial barriers and support growth in solar water heating markets.
Under the Innovative Financing to Accelerate Solar Water Heating initiative, Green Markets worked collaboratively with the Vitae Civilis Institute of São Paulo, Brazil, Bill Guiney from Caribbean Solar Technologies of Anguilla, and others to facilitate the use of fee-for-service and ESCO business structures as well as carbon finance for solar water heating in the Americas and beyond. For further information and resources, visit www.green-markets.org/SWH
Photovoltaic solar home systems (SHS) have proven their ability to supply modern energy to rural areas of the developing world while directly reducing greenhouse gas emissions by replacing kerosene lamps and candles with solar powered electric lights. Carbon abatement per system is very small, yet PV SHS installations achieve perhaps the highest level of carbon abatement per Watt peak of PV. SHS projects also typically have substantial social benefits, increasing the quality of life for rural households.
Building on prior work examining the role for SHS in climate protection and development, developing standardized procedures for baseline setting and other aspects of carbon market participation, and helping to create and support rural PV energy enterprises and consumer financing programs, Green Markets has worked to accelerate PV SHS dissemination by facilitating access to carbon finance and through other strategies.
Diesel generators commonly supply power for isolated communities and productive applications in off-grid areas across much of the world. Revenue from the sale of verified or certified emission reductions can improve project economics and potentially catalyze diesel fuel replacement with renewable energy in mini-grid systems.
Green Markets has worked to build knowledge about renewable energy options and carbon finance for diesel replacement in mini-grids, and to facilitate access to carbon finance and other environmental market programs for diesel replacement projects. Visit http://green-markets.org/diesel.htm for more information and resources.
Green Markets International, Inc. ¤ 691 Massachusetts Avenue, Suite 7 ¤ Arlington, Massachusetts 02476 ¤ USA