UNSPSC 64111707: Renewable energy credit REC

A tradeable credit, usually on an over the counter OTC basis, sometimes treated as a carbon offset, although the concepts are distinct. Whereas a carbon offset represents a reduction in greenhouse gas emissions, a REC represents a quantity of energy produced from renewable sources. To convert RECs into offsets, the clean energy must be translated into carbon reductions, typically by assuming that the clean energy is displacing an equivalent amount of conventionally produced electricity from the local grid.

UNSPSC 64111707 Renewable energy credit REC is a Commodity code that shows no recent state and local procurement activity aligned with its nominal scope. The seven recent opportunities posted under this code span natural gas supply management, master banking services, auto-IRA program administration and investment management, tax-exempt bond arbitrage compliance, municipal underwriting services, cryptocurrency custody and liquidity services, and commercial paper liquidity provision—none of which represent renewable energy credits or REC-related transactions. This mismatch between the code's stated commodity and the work actually being solicited suggests the code may be systematically misapplied in state and local procurement systems or that REC procurement operates through alternative taxonomic paths or exemptions in the jurisdictions active during this period.

The issuing bodies posting under this code include state agencies (Maryland Environmental Service, Texas Comptroller of Public Accounts, Texas Water Development Board, Washington Saves Governing Board), counties (Broward County Florida, Okaloosa County Florida), municipalities (City of Dallas), and school districts (Manor Independent School District). Geographic activity spans Florida, Maryland, Texas, and Washington. Representative opportunities include the Maryland Environmental Service's RFP for natural gas commodity supply and management at Eastern Correctional Institution (due October 16, 2026), the Texas Comptroller's RFP for Bitcoin custody and liquidity services for the Texas Strategic Bitcoin Reserve (due July 10, 2026), Broward County's RFP for Master Banking Services across five service groups including lockbox, merchant card, purchasing card, third-party custodian, and treasury services (due October 13, 2026 via Bonfire), the City of Dallas's competitive sealed proposal solicitation for Commercial Paper Liquidity Providers supporting three capital improvement programs with authorizations totaling up to $775 million (due May 22, 2026), and the Texas Water Development Board's RFQ for arbitrage compliance services managing 39 outstanding bond issues (due May 28, 2026, maximum project cost $363,000). No recent procurement activity targeting renewable energy credits or REC transactions appears in the available solicitation record.