Notice Concerning the Classification of Production Facilities as ‘Supported’ in Vietnam
The International Tracking Standard Foundation (the I-TRACK Foundation) and the Local Issuer for Vietnam (GCC) have received inquiries from Registrants and Participants in Vietnam with respect to the classification of production facilities marked “supported” vs “non-supported.” At the point of facility registration, Registrants are asked whether the asset has received financial support such as a […]
I-TRACK Foundation meets with the Global Energy Internet Development Cooperation Organization and China Electricity Council
On 19 December 2024, a press release was published by an online news source in China highlighting a meeting between the I-TRACK Foundation’s Board member, Jules Chuang, and Xin Baoan, the Chairman of the Global Energy Internet Development Cooperation Organization and Chairman of the China Electricity Council, as well as the Heads of the Cooperation […]
Cross-border trading framework in development in Singapore
On 8 January 2025, an article published on Eco-Business, an environmental business online news source based in Singapore, announced Singapore’s plan for a global framework to recognise RECs from cross-border electricity trading outside single markets. “Singapore – which is exploring 7.35 gigawatts (GW) worth of clean power deals in Southeast Asia to meet its decarbonisation goals – is looking to develop […]
Adjustments to I-REC(E) Holding/Redemption Fees
Following the publication of the 2025 Fees for I-REC(E) on 1 October 2024, this notice from the International Tracking Standard Foundation (I-TRACK Foundation) and Evident contains adjustments to both the application and language of the fees. These adjustments respond to feedback from market participants and reflect both parties’ commitment to balancing the needs of effective […]
Myanmar approved for I-REC(E) issuance
The I-TRACK Foundation Board has approved Myanmar for I-REC for Electricity [I-REC(E)] issuance. Approval came after the submission of a country report detailing various aspects of the electricity generation market, including a review of supporting documents and commercial structures, and confirmation of interest in introducing I-REC(E) to support further renewable energy development in the country. […]
The Energy and Petroleum Regulatory Authority approved as I-REC(E) Issuer in Kenya
The I-TRACK Foundation Board has approved the Energy and Petroleum Regulatory Authority (EPRA) as the local I-REC(E) Issuer in Kenya. The Energy and Petroleum Regulatory Authority Kenya’s Energy and Petroleum Regulatory Authority (EPRA) has been approved as the local Issuer of I-REC(E) in Kenya. The EPRA is responsible for economic and technical regulation of the […]
Successful Audit of Evident as Code Manager for the Electricity Product Code
The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation) has successfully audited Evident Ev Ltd (Evident), the Code Manager of the Electricity Product Code for I-TRACK(E) / I-REC(E), against the International Attribute Tracking Standard (Standard). An independent, third-party consultancy firm, Barnebies, was commissioned to perform the following activities of the audit: – Generate and […]
Nepal approved for I-REC(E) issuance
The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation) Board has approved Nepal for I-REC for Electricity issuance. Approval came after the submission of a country report detailing various aspects of the electricity generation market, including a review of supporting policies, and confirmation of interest in introducing I-REC(E) to support further renewable energy development […]
Launch of the residual mix dashboard for all I-REC(E) markets
Following last year’s publication of the methodology, the residual mix for all countries in which I-REC(E) is available is now published on our website and will be updated yearly. What is a residual mix? A residual mix is a country’s generation mix minus the issued Energy Attribute Certificates (EACs) of a specific vintage, such […]
EMSTEEL and Masdar announce use of Hydrogen Code Pilot Accredited by I-TRACK Foundation
In a recent article, “EMSTEEL and Masdar Announce Success of Pilot Project Using Green Hydrogen to Produce Green Steel”, the UAE’s largest steel and building materials company, EMSTEEL and Abu Dhabi Future Energy Company PJSC, Masdar, announced the successful commencement of a pilot project establishing the use of certified hydrogen to produce steel – the […]