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 […]
First I-REC(E) auction held in Oman
The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation) is pleased to share the news on Oman’s first national I-REC(E) auction held by Nama Power and Water Procurement (PWP) with the support from DLA Piper. This auction is a significant milestone for the local and regional I-REC(E) markets as it showcases an effective structure […]
The Royal Scientific Society has been approved as the local I-REC(E) Issuer in the Hashemite Kingdom of Jordan
The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation) Board has approved The Royal Scientific Society (RSS) as the local I-REC(E) Issuer in Jordan. About the Royal Scientific Society (RSS) The Royal Scientific Society (RSS) is an independent non-governmental, not-for-profit multidisciplinary science institution established by royal charter. Founded in 1970 as a national organization […]
I-REC(E) Market Statistics
2023 Overview The I-REC(E) market statistics for 2023 have been published. These statistics detail all issued and redeemed I-REC(E) around the world. Based upon the date of transaction, a total of 283 million certificates, representing 283 TWh of electricity, have been issued in all I-REC(E) markets combined during the calendar year of 2023. This fantastic […]
EACs and indirect emissions reporting under CBAM
Introduction The EU’s Carbon Border Adjustment Mechanism (CBAM) (Regulation (EU) 2023/956) links international taxation and emissions reporting for the first time and has the potential to propel decarbonization efforts globally. Understandably, the regulation carries significant implementation complexity and will require iterative policy and rules development during CBAM’s transitional period, which began in October and runs […]
Expanding the MoU between the International Tracking Standard Foundation and the Regional Center for Renewable Energy and Energy Efficiency
During the first few days of COP28 in December, the International Tracking Standard Foundations (I-TRACK Foundation) secretariat met with the Regional Center for Renewable Energy and Energy Efficiency (RCREE) members and discussed expanding the existing Memorandum of Understanding (MoU) that had previously been signed in May 2023. The I-TRACK Foundation agreed to expand our work […]
Kenya approved for I-REC(E) issuance
The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation) Board has approved Kenya for I-REC(E) issuance, with the intention of having the Energy and Petroleum Regulatory Authority of Kenya as the local I-REC(E) Issuer. Issuer The Energy and Petroleum Regulatory Authority (EPRA) of Kenya has been proposed as the local Issuer of I-REC(E) in […]