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Renewable Energy Certificates and Carbon Certificates: Can One Project Sell Both? A Case Study of Low Income Housing Energy Upgrade Projects in South Africa

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Emily Tyler
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This report reviews the Clean Development Mechanism-registered Kuyasa Energy Upgrade Project in South Africa, which retrofitted 2,300 low income houses with solar water heaters. The report determines that there are significant reasons why renewable energy and energy efficiency projects should not generate credits for sale into more than one scheme (e.g., offset carbon markets, voluntary renewable energy credit markets) in developing countries. Project developers and credit purchasers are advised to consider issues of double counting carefully prior to concluding carbon or renewable energy transactions.