Renewable energy consumption everywhere in the world
The International REC Standard (I-REC) is an international standard, created by the International REC Standard Foundation, to trace the origin and to prove the consumption of energy generated from renewable sources in any country in the world. This scheme is meant for those countries that do not have an official voluntary tracking system in place.
How does it work?
I-REC relies on the best practices of the European system of Guarantees of Origin (EECS). Each I-REC represents 1 (one) megawatt hour (MWh) of electricity produced from a renewable energy source. The electronic register for I-REC issues, transfers and redeems the certificates, and ensures reliable, transparent and credible traceability, avoiding double counting.
Together with the Guarantees of Origin and the RECs, the I-RECs are a recognized tool for documenting and tracking the consumption of electricity from renewable sources under the Greenhouse Gas Protocol Scope 2 Guidance. Furthermore, I-REC is an effective tool for documenting the reduction of greenhouse gas emissions and improving the sustainability rating towards RE100 and the CDP goals.
How can we work together?
Nvalue, through its portfolio management concept, acts as a single interlocutor to provide its customers and partners with consumption points all over the world, the most suitable solutions to meet their targets of greenhouse gas emissions reduction, consumption of renewable energy and participation in the energy transition.