I-REC and I-TRACK Certificates: Understanding the difference
What are I-REC and I-TRACK Certificates? An I-REC and an I-TRACK Certificate are Energy Attribute Certificates (EAC) issued in line with the I-TRACK Foundation’s Accredited Electricity Product Code, and they both represent the environmental attributes of the generation of a one-megawatt hour (MWh) of energy produced. I-REC(E) vs I-TRACK(E) An I-REC (International Renewable Energy Certificate) […]
Clarification of Requirements under India’s Renewable Purchase Obligation
Overview The International Tracking Standard Foundation (I-TRACK Foundation) follows the laws and regulations of national actors in all markets with Accredited Market Facilitators. During the course of transitioning local issuance responsibilities for I-REC(E) in India from the Green Certificate Company (GCC) to ICX, the I-TRACK Foundation was provided a more precise interpretation of recent policy […]
Invitation to participate in the consultation on enhanced market transparency services
Evident, the I-REC(E) Code Manager and Registry Operator, is conducting a consultation on the Enhanced Market Transparency Services. Evident is committed to creating a more efficient and transparent I-REC(E) ecosystem, but they need your input to inform their direction. Over the past two years, Participants, Beneficiaries, and Registrants have voiced challenges in connecting with potential […]
China Introduces New EAC Policy
Overview The International Tracking Standard Foundation (I-TRACK Foundation) follows the laws and regulations of national actors in all markets with Accredited Market Facilitators. On 5 September 2024, the I-TRACK Foundation was made aware of the formal publication of the NEA Policy “Renewable Energy Green Electricity Certificate Issuance and Trading Rules.” Operating Guidance The I-TRACK Foundation […]
ICX is now the local I-REC(E) Issuer in India
The I-TRACK Foundation Board has approved ICX as the local I-REC(E) Issuer in India. ICX is a wholly owned subsidiary of the Indian Energy Exchange (IEX), which has been India’s leading Power Trading Exchange for more than 16 years. “ICX, a wholly owned subsidiary of Indian Energy Exchange (IEX), was established to provide services and […]
The I-TRACK Foundation welcomes John Holmes
We are thrilled to announce that John Holmes has joined our team as Head of Legal. John brings over 20 years of legal expertise to our organization and, having previously managed an in-house legal team for a Dutch wind turbine manufacturer, he has a deep passion for the global energy transition. In his new role, […]
I-REC(E) Market Statistics for first half of 2024
The I-REC(E) market statistics for the first half of 2024 have been published. These statistics detail all issued and redeemed I-REC(E) globally. Based upon the transaction date, a total of 188 million certificates, representing 188 TWh of electricity, have been issued in all I-REC(E) markets combined so far this year. This fantastic number represents a […]
Consultation results for changes to the I-TRACK(CDR) Product Code
The International Tracking Standard Foundation (I-TRACK Foundation) and C-Capsule, as Accredited Code Manager, have published the I-TRACK for Carbon Dioxide Removal Product Code [I-TRACK(CDR)] or C-Capsule Code for CDR. This and other governance documents provide clear ways for organizations to participate in the I-TRACK(CDR) tracking system and market. A public consultation was open to gather […]
Jamaica approved for I-REC(E) issuance
The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation) Board has approved Jamaica 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 […]
The I-TRACK Foundation’s Regional Director of Africa, Enam Akoetey-Eyiah, has been selected to join UNFCCC Methodological Expert Panel
The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation) is pleased to announce that the Regional Director, Africa, Mrs. Enam Akoetey-Eyiah, has been selected to join the UNFCCC Methodological Expert Panel (Article 6.4 Mechanism). The UNFCCC (United Nations Framework Convention on Climate Change) is the parent treaty of both the 1997 Kyoto Protocol and […]