Environmental Finance Names 3Degrees Best Trading Company, Renewable Energy Certificates, North America in 2010 Market Survey
Recognition Reinforces 3Degrees’ Leadership Position in U.S. REC Market
SAN FRANCISCO — December 16, 2010 — Environmental Finance and Carbon Finance – two of the leading global publications covering environmental markets – have named 3Degrees Best Trading Company, Renewable Energy Certificates, North America in their annual market survey.
The survey – a closely watched poll of sentiment across carbon, renewable energy, weather risk and US emissions markets – reveals those firms that their clients, peers and competitors have judged to have provided the best service over the previous twelve months.
“The winners of this year’s survey are those that have stayed the course through the tough times – they are well-positioned to grow their environmental markets businesses as conditions improve,” said Mark Nicholls, editor of Environmental Finance. “Time and again, survey respondents voted for those firms with a long heritage in what are still youthful markets, and rewarded commitment to helping their clients navigate often complex and fast-moving regulatory environments.”
“As the U.S. Renewable Energy Certificate (REC) market continues to mature and grow, its participants are increasingly finding that they want to work with an intelligent, efficient and reliable partner to help them manage risk and build value in this market,” said Dan Kalafatas, president of 3Degrees. “As its top ranking in the Environmental Finance survey demonstrates, 3Degrees has established itself as the partner compliance and voluntary REC market participants turn to for market insight, advice and execution."
U.S. REC Market Leadership
3Degrees’ top ranking in the Environmental Finance survey is a result of providing utilities, energy marketers, businesses, project owners and other organizations with:
- Insight on the intricacies of state Renewable Portfolio Standards (RPSs)
- Knowledge of how changes in renewable energy capacity, green power demand and government regulations will impact the REC market
- Access to a large and diverse REC portfolio
- A proven methodology for bringing RECs to market
- Prompt contracting and settlement services
“Our partners are seeking to lower risk and increase return on investment through intelligent participation in the U.S. REC market,” said Jay McCall, 3Degrees vice president, origination and trading. “By partnering with 3Degrees, these organizations can develop and execute REC market strategies that reflect their unique risk and return objectives, building value for their investors and other stakeholders.”
3Degrees' mission is to mitigate the effects of climate change by accelerating the development of a low-carbon, renewable energy economy.
3Degrees realizes this mission by helping its utility, business, green building and other partners utilize environmental markets to build stakeholder value. Through these partnerships, 3Degrees increases demand for renewable energy and carbon offsets, channels capital to renewable energy and carbon reduction projects and improves the efficiency of environmental markets.
Winner of the U.S. Department of Energy’s Green Power Leadership Award four straight years, 3Degrees is headquartered in San Francisco’s Presidio and operates regional offices in Portland, St. Louis and Seattle. To learn more, visit www.3degreesinc.com.