Product Codes
•• Defining the processes and procedures that form the requirements for the issuance, transfer, and redemptions of an I‑TRACK or I-REC certificate
Accredited Product Codes under the I-TRACK Foundation
A Product Code is a description of roles and a set of rules approved and Accredited by the International Tracking Standard Foundation (I-TRACK Foundation) as being adherent to the International Attribute Tracking Standard (Standard) that ensures reliable implementation of a Product Certificate. The Product Code can be owned by a government, private enterprise, or non-profit organization.
The Standard does not define the Products adherent to the Standard, it ensures that all Products adhere to the same high-quality requirements. These can be Products like electricity, non-fossil gas, hydrogen, carbon capture utilization and sequestration (CCUS), and any other Products that rely on attribute tracking infrastructure. Such Products will benefit from common rules provided in the Standard and lead to increased understanding, use, and growth of the underlying markets.
The I-TRACK Foundation doesn’t implement attribute tracking systems but accredits Code Managers such as the I-RECfor Electricity [I-REC(E)] Accredited Code Manager, Evident, to implement attribute tracking systems for Accredited Product Codes.
Developing Other Product Codes
The International Attribute Tracking Standard (Standard) describes the tools required for implementing a reliable and robust attribute tracking system and is not limited to a specific commodity such as electricity or fuel.
In 2022 The I-REC Standard Foundation signed a memorandum of understanding (MOU) with C-Capsule for the development of a Carbon Dioxide Removal (CDR) Attribute Tracking Certificate system that allows consumers to mitigate emissions while providing a revenue stream for CDR activity. This Product Code now has Pre-Accreditation.
Another memorandum of understanding (MOU) was signed in 2022 with Avance Labs for the development and eventual Accreditation of a Product Code for renewable and low-carbon hydrogen (the “Hydrogen Product Code” or “I-TRACK(H) Product Code”). This Product Code now has Pre-Accreditation.
In May 2023, the I-TRACK Foundation, and an international consortium (Consortium) formed by Evident, Instituto Totum, and M-RETS signed a memorandum of understanding (MOU) to develop a Product Code for biogas and biomethane (the “I-TRACK(G) Product Code”) that will adhere to the strict requirements of the I-TRACK Foundation’s Standard. This Product Code is still in development.
Currently, through the Standard, there is an opportunity for the development of I-TRACK(MI) – Methane Intensity and I-TRACK(PSR) – Point Source Reduction, as I-TRACK commodities.
Product Code for Biogas and Biomethane
Product Code for Hydrogen
Product Code for Carbon Dioxide Removal
