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Outcome

​The Renewable Energy Target creates a market-based financial incentive to generate additional electricity from renewable sources, reduce greenhouse gas emissions, and ensures renewable energy sources are sustainable. In doing so, the Renewable Energy Target helps accelerate carbon abatement for Australia.

Figure 1: Renewable energy certificates supply, demand and outcome

Renewable energy certificate supply, demand and outcome process. 

REC Registry = an online system for Renewable Energy Target transactions including transfer of certificates

STC Clearing House = a facility in the REC Registry for the sale of small-scale technology certificates at a fixed price

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