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The Process of Surrendering Renewable Certificates.

Mandatory Surrender.

(Primarily for energy retailers)

  1. Liability: Informed of your Scope 2 Renewable Energy Certificate (REC) Liability.
  2. Purchase: Procure LGCs at an agreed $ rate from Ecovantage.
  3. Transfer: LGCs are transferred to the company in the Renewable Energy Certificate (REC) Registry by Ecovantage.
  4. Accept: The Company accepts the LGC transfer in the REC Registry.
  5. Retire: Surrender/Retire LGCs in the REC registry, for the required year, to acquit an LGC liability.

Voluntary Surrender.

  1. Calculate: Calculate Carbon Emission Value (Scope 1, 2 & 3), with the assistance of Ecovantage’s experienced team.
  2. Purchase: Procure LGCs at an Agreed Rate from Ecovantage, or use self-produced LGCs from Renewable Energy Production.
  3. Transfer: LGCs are Transferred to the Company in the Renewable Energy Certificate (REC) Registry, or can be held by Ecovantage to be traded.
  4. Accept: The Company accepts the LGC transfer in the REC Registry.
OPTION 1
Retire

Surrender/Retire LGCs in the REC registry, for the Required Year, to Offset Carbon Footprint. (Scope 2 Emissions)

OPTION 2
Trade

Sell acquired LGCs at a profit.

Align

Align with a cause that syncs with the company’s values and mission – Choose the carbon credit that’s right for the company.

Retire

Surrender/Retire Purchased ICCUs to Offset Scope 1, 2 & 3 Emissions.

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