New markets for financial instruments like renewable energy certificates (RECs) and carbon offsets are rapidly emerging, as demand for these products is driven by both government policy and voluntary efforts to advance environmental interests. Gabel Associates has pioneered the development of clean energy markets and is well positioned to help its clients take advantage of those markets to turn the assets from their clean energy projects into additional revenue sources.
Our experience with clean energy markets includes our role in the Regional Greenhouse Gas Initiative (RGGI), the first regional cap-and-trade program in the country. RGGI and similar programs transform carbon into a marketable asset. Clients come to Gabel Associates for expert assistance in monetizing their carbon resources in offset and cap-and-trade markets.
The same revenue opportunities exist for renewable energy certificates produced by renewable energy generation. As part of the Governor's Task Force on Renewable Energy in 2003, Gabel Associates was involved in the acceleration of New Jersey's Renewable Portfolio Standard, which has created one of the strongest REC-based markets in the country. Gabel Associates draws on this experience to help its clients monetize the RECs from their renewable projects to create additional revenue flow and ensure a quicker return on investment in renewable generation facilities. We actively help clients offer SRECs and RECs for sale through a competitive solicitation process that brings the best value to our clients.
