Issuers

Issuers

•• Putting the Standard and Code into practice

Independent entities responsible for registration and issuance

Issuers are responsible for the registration of ‘Registrants’ (production device owners or entities acting on production device owners’ behalf) and their respective production devices in a country or region. Without Issuer authorization for a specific country or region, it is not possible to issue I-REC(E) or I-TRACK certificates for production devices in that country or region. In addition, Issuers are responsible for the issuance of I-REC or I-TRACK certificates, which includes the verification of data.

For each Product Code, in each country, the International Tracking Standard Foundation (I-TRACK Foundation) Board must authorize or promote an Issuer to implement the rules established in the Product Code that are adherent to the International Attribute Tracking Standard (Standard).

It is our preference for a local Issuer to be appointed, as a well-informed stakeholder in the country or region as they can stay up to date with legislation and ensure the reliability of the implementation of the Standard. However, the role of the Issuer can be fulfilled by a variety of entities such as for-profit organizations, non-profit organizations, or governmental bodies. But most importantly, Issuers must be able to act independently of the market, which means that they cannot be involved in the production of the underlying I-REC(E) or I-TRACK certificate nor the trade of I-REC(E) or I-TRACK certificates.

Accredited I-TRACK(G) Issuers

Green Certificate Company is an Issuer under the I-TRACK(G) Code

The Green Certificate Company (GCC) is the I-TRACK(G) Issuer outside of Brazil. The I-TRACK Foundation often approves GCC as the default Issuer of I-TRACK(G) in the case no other suitable local Issuer can be identified. GCC will be released from their position as the default Issuer if a suitable local alternative is identified.

Instituto Totum is an Issuer under the I-TRACK(G) Code

Instituto Totum is the I-TRACK(G) Issuer in Brazil. Instituto Totum provides Brazilian companies, associations, and business with modern solutions in line with global trends in certification.

Accredited I-REC(E)/I-TRACK(E) Issuers

AENOR is an Accredited Issuer under the I-REC Code

AENOR Internacional SAU (AENOR) is a leading Spanish certification body in both quality management systems and environmental management systems. AENOR has a permanent presence in 12 countries, including Ecuador, where it operates through AENOR Ecuador, its Ecuadorian subsidiary, which has a high specialization in testing, inspection, and certification. 

ECOJERis is an Accredited Issuer under the I-REC Code

The Association of Regional Environmental Initiatives (ECOJER) is the I-REC(E) Issuer for Kazakhstan. ECOJER’s goal is to consolidate the business and civil society to represent and protect common interests, assist in environmental protection activities; taking a balanced approach between the government's environmental policy, the public interest in improving environmental quality and the need to develop the economic potential of the business community.

ECSIM is an Accredited Issuer under the I-REC Code

The Center for Studies in Systemic Economics (ECSIM) is a non-profit organization focused on the green solutions for societal and environmental struggles, as well as local I-REC Issuer in Colombia.


The Department of Energy is an Accredited Issuer under the I-REC Code

The Department of Energy Abu Dhabi (DoE of Abu Dhabi) is the approved I-REC(E) Issuer in Abu Dhabi and the UAE. For more information, please contact the I-TRACK Foundation secretariat at secretariat@trackingstandard.org.

EGAT is an Accredited Issuer under the I-REC Code

The Electricity Generating Authority of Thailand (EGAT) is the I-REC(E) Issuer in Thailand. EGAT is Thailand’s leading state-owned power utility under the Ministry of Energy. For more information contact the I-TRACK Foundation secretariat at secretariat@trackingstandard.org.

EPRA is an Accredited Issuer under the I-REC Code

The Energy and Petroleum Regulatory Authority (EPRA) is the Issuer in Kenya. The Energy and Petroleum Regulatory Authority (EPRA) is established as the successor to the Energy Regulatory Commission (ERC) under the Energy Act, 2019 as Kenya's Energy and Petroleum sector regulatory agency with the responsibility for economic and technical regulation of electricity, renewable energy, petroleum and coal.

EPP is an Accredited Issuer under the I-REC Code

Energy Peace Partners (EPP) is the Issuer in Chad, Democratic Republic of the Congo, Ethiopia, Haiti, Sierra Leone, Somalia, and the South Sudan. EPP issues Peace Renewable Energy Credits (P-RECs) labelled RECs, among other ordinary I-REC(E). P-RECs are designed to stimulate renewable energy market development in fragile and energy poor regions of these countries. The International Tracking Standard Foundation recognizes P- RECs as I-REC(E)s with a ‘peace’ label that indicates high-impact social co-benefits.

Foton Energy is an Accredited Issuer under the I-REC Code

Foton is the I-REC(E) Issuer in Turkey. Foton is an energy-transition start-up company based in Turkey. The company became Turkey’s official I-REC issuer in July 2020, in advance of an expected regulated market for EACs in Turkey.

Green Certificate Company is an Accredited Issuer under the I-REC Code

The Green Certificate Company (GCC) is the I-REC(E) Issuer in the following countries: Bangladesh, Burkina Faso, Cambodia, Costa Rica, Dominican Republic, Egypt, El Salvador, Ghana, Guatemala, Honduras, Indonesia, Laos, Lesotho, Malaysia, Mauritius, Mauritania, Morocco (Western Sahara), Namibia, Nepal, Nicaragua, Nigeria, Panama, Philippines, Saudi Arabia, Singapore, South Africa, Sri Lanka, Taiwan, Uganda, Uruguay, Vietnam, Zambia, and Zimbabwe. GCC certifies renewable energy generation around the world. The I-TRACK Foundation often approves GCC as the default Issuer of I-REC(E) in the case no other suitable local Issuer can be identified. GCC will be released from their position as the default Issuer if a suitable local alternative is identified.

Green Energy Services is an Accredited Issuer under the I-REC Code

Green Energy Services (GES) is the I-REC(E) Issuer in Israel. Registrations can take place through Green Energy Services’ e-mail: issuer@greenenergyservices.co.il

ICX is an Accredited Issuer under the I-REC Code

ICX Private Limited (formerly known as International Carbon Exchange Private Limited) is the 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 was established in 2022 to provide services and to implement solutions for the development of efficient and transparent markets for the Environmental Attribute Certificates and for Environmental Commodities.

Instituto Argentino de Normalizacon y Certificacion is an Accredited Issuer under the I-REC Code

Instituto Argentino de Normalizacon y Certificacion (IRAM) is the I-REC(E) Issuer in Argentina. IRAM is an independent, not-for-profit association that has experience in ISO and other Standardization processes. Argentinian devices can be registered following the development of the Local Working Instructions (LWI) by IRAM

Instituto Totum is an Accredited Issuer under the I-REC Code

Instituto Totum is the I-REC(E) Issuer in Brazil. Instituto Totum provides Brazilian companies, associations, and business with modern solutions in line with global trends in certification.

InvestBaku is an Accredited Issuer under the I-REC Code

InvestBaku is the Accredited I-REC(E)/I-TRACK(E) Issuer in Azerbaijan. InvestBaku LLC is an investment advisory firm based in Baku, Azerbaijan. Established in 2018, the company works with international investors, financial institutions, and corporate partners to support investment opportunities and strategic initiatives across key sectors including renewable energy, sustainable infrastructure, and industrial development. InvestBaku focuses on facilitating cross-border partnerships, supporting institutional and market development, and promoting projects aligned with sustainability and energy transition objectives. The firm actively collaborates with international organizations, development partners, and investors, and has contributed to the organization of high-level investment forums and business missions connecting Azerbaijan with international markets. Through its activities, InvestBaku aims to strengthen Azerbaijan’s investment ecosystem and support the advancement of sustainable economic development and green energy initiatives in the region.

LCEC is an Accredited Issuer under the I-REC Code

The LCEC is the I-REC(E) Issuer in Lebanon. The LCEC was created by the Ministry of Energy and Water (MEW) and the United Nations Development Program (UNDP) as an independent, not-for-profit organization within the Ministry of Energy and Water in 2011. The LCEC is driven to expand Lebanon’s development of efficient, renewable energy sources and to increase energy security and de-carbonization levels. The LCEC proactively develops policies, implements projects, and assists in shaping the market in harmony with the global sustainable energy transition.

Local Good is an Accredited Issuer under the I-REC Code

Local Good is the I-REC(E) Issuer in Japan. Registrations can take place through Local Good. Please contact I-TRACK Foundation secretariat (secretariat@trackingstandard.org) for more information regarding restrictions and timing.

The Ministry of Economy and Finance of the Republic of Uzbekistan is an Accredited Issuer under the I-REC Code

The Ministry of Economy and Finance of the Republic of Uzbekistan is the local I-REC(E) Issuer in Uzbekistan.

Normex is an Accredited Issuer under the I-REC Code

Normex is the I-REC(E) Issuer in Mexico. Normex is a worldwide organization, accredited by the Mexican Accreditation Entity AC (ema) and approved by the Ministry of Economy, as well as by different government entities, to carry out standards, audits, inspections, and laboratory tests, under the requirements of national and international standards. Normex has been approved by the I-TRACK Foundation Board to be the local I-REC(E) Issuer in Mexico.

Oakley Greenwood is an Accredited Issuer under the I-REC Code

Oakley Greenwood is the I-REC(E) Issuer in Australia. Australia has been approved for below baseline issuance. Oakley Greenwood has been accredited by the I-TRACK Foundation to be the Issuer for I-RECs for electricity [I-REC(E)] in Australia.

The OLOLT Center is an Accredited Issuer under the I-REC Code

The OLOLT Climate Change and Carbon Market Development Center (OLOLT Center) has been Accredited as Mongolia’s I-REC(E) Issuer in Mongolia. The OLOLT Center is a national climate-oriented non-governmental organization, dedicated to empowering and bridging the public and private stakeholders for accelerating resource mobilization and climate actions through the facilitation of market and non-market instruments.

PET is an Accredited Issuer under the I-REC Code

The Pakistan Environment Trust (PET) is a non-profit organization mobilizing global capital and expertise towards tackling Pakistan’s toughest environmental challenges. Partnered with leaders from business, finance, government, and non-profits, PET delivers initiatives that are enabling the transition towards a climate-resilient, low-carbon, and biodiverse Pakistan. PET’s mission is to mobilize global capital and industry-leading expertise towards solving Pakistan’s toughest environmental challenges.

The Royal Scientific Society is an Accredited Issuer under the I-REC Code

The Royal Scientific Society (RSS) is the local I-REC(E) Issuer in Jordan. The RSS was established in 1970 with the aim to be the knowledge leader for science and technology locally and regionally. The RSS uses excellent scientific and engineering research to power economic development and social progress.

SCX is an Accredited Issuer under the I-REC Code

The Santiago Climate Exchange (SCX) is the I-REC(E) Issuer in Chile. SCX is a private organization focused on tracking the reduction of greenhouse gas (GHG) emissions and local I-REC Issuer in Chile.

Smart Power Myanmar is an Accredited Issuer under the I-REC Code

Smart Power Myanmar (SPM) is the I-REC(E) Issuer in Myanmar. SPM is a platform for stimulating a vibrant distributed renewable energy ecosystem in Myanmar that benefits small and medium-sized enterprises, smallholders, and communities in critical value chains. Contact SPM via irec@smartpowermyanmar.org.

Suriname Energy Chamber is an Accredited Issuer under the I-REC Code

The Suriname Energy Chamber (SEC) is the I-REC(E) Issuer in Suriname. SEC has been Accredited as the local Issuer. The SEC acts as the national platform for information, training, and events for the energy sector in the country. They focus on the collaboration between the private and public sectors and are therefore highly well-connected and well-informed about the market.

Three Pillars Consulting is an Accredited Issuer under the I-REC Code

Three Pillars Consulting is the I-REC(E) Issuer in Oman. Three Pillars Consulting is an Oman-based consultancy specialized in various environmental assessments including the renewable energy sector.

Transpower is an Accredited Issuer under the I-REC Code

Transpower New Zealand has been Accredited as the local I-REC(E) Issuer. Transpower will perform the role of local Issuer in New Zealand through its commercial services division, Energy Market Services. Transpower is a state-owned enterprise with a dual role – grid owner and system operator. It builds, maintains, and owns the national high-voltage electricity transmission grid that connects generators of electricity with users (directly and via local lines companies) around New Zealand.

WGEO is an Accredited Issuer under the I-REC Code

The World Green Economy Organization (WGEO) is the I-REC(E) Issuer in Dubai. WGEO emerged in response to the priorities and concerns identified from Rio+20 United Nations Conference on Sustainable Development in 2012. The World Green Economy Organization (WGEO) has taken over the role of I-REC Accredited Issuer from the Dubai Carbon Center of Excellence (DCCE) in the Emirate of Dubai.