Zimbabwe approved for I-REC(E) issuance

*Since the date of this news item’s publication, the organization ‘The International REC Standard Foundation’ has changed to ‘The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation).’   The International REC Standard Foundation Board has approved Zimbabwe for I-REC (E) issuance with GCC (the Green Certificate Company) as the Issuer. Zimbabwe’s approval came after […]

Nicaragua approved for I-REC(E) issuance

*Since the date of this news item’s publication, the organization ‘The International REC Standard Foundation’ has changed to ‘The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation).’   The International REC Standard Foundation Board has approved Nicaragua for I-REC(E) issuance with GCC (the Green Certificate company) as the Issuer. Nicaragua’s approval came after a […]

How the EU’s Carbon Border Adjustment Mechanism (CBAM) supports actual emissions reporting through PPAs and Energy Attribute Certificates (EACs)

*Since the date of this news item’s publication, the organization ‘The International REC Standard Foundation’ has changed to ‘The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation).’   The International REC Standard Foundation welcomes the adoption of the European Commission’s Carbon Border Adjustment Mechanism (Regulation (EU) 2023/956) in May 2023. Pulling together this world-first […]

ISSB’s Scope 2 Reporting Requirements can learn from the European Sustainability Reporting Standards (ESRS)

*Since the date of this news item’s publication, the organization ‘The International REC Standard Foundation’ has changed to ‘The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation).’   The European Commission has now adopted the European Sustainability Reporting Standards (ESRS) as part of its updated Corporate Sustainability Reporting Directive (CSRD) ((EU) 2022/2464). With this […]

Mongolia approved for I-REC(E) issuance

*Since the date of this news item’s publication, the organization ‘The International REC Standard Foundation’ has changed to ‘The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation).’   The I-REC Standard Foundation Board has approved Mongolia for I-REC(E) issuance. The OLOLT Climate Change and Carbon Market Development Center (OLOLT Center) has been Accredited as […]

ISSB and Scope 2 Misconceptions Create New Risks for Greenhouse Gas Accounting

*Since the date of this news item’s publication, the organization ‘The International REC Standard Foundation’ has changed to ‘The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation).’   The International Financial Reporting Standard (IFRS) plays a critical role in supporting uniform financial market reporting in line with global leading practices. In 2021, the IFRS […]

I-REC Standard Foundation finalizes MoU with RCREEE

*Since the date of this news item’s publication, the organization ‘The International REC Standard Foundation’ has changed to ‘The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation).’   A Memorandum of Understanding (MoU) has been finalized between the I-REC Standard Foundation and Regional Center for Renewable Energy and Energy Efficiency (RCREEE). This MoU is […]

NORSUS is developing a methodology for Residual Mix calculation methodology in I-REC(E) issuing countries.

*Since the date of this news item’s publication, the organization ‘The International REC Standard Foundation’ has changed to ‘The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation).’   NORSUS Norwegian Institute for Sustainability Research is developing a Residual Mix Calculation methodology for I-REC(E) issuing countries. NORSUS is working on a variant of the Issuance-based […]

Ministry of Economy and Finance of the Republic of Uzbekistan becomes the I-REC(E) local Issuer following the resolution from the President of the Republic of Uzbekistan

*Since the date of this news item’s publication, the organization ‘The International REC Standard Foundation’ has changed to ‘The International Tracking Standard Foundation: Founder of I-REC (I-TRACK Foundation).’   The I-REC Standard Foundation has recently received a resolution of appointment as the highest form of authorization in the Republic of Uzbekistan for implementation of I-REC […]