Today, the demand for environmentally friendly and sustainable energy sources is increasing day by day. This demand has become an important focus among producers and consumers who want to meet their energy consumption with renewable resources. I-REC (International Renewable Energy Certificate) is an international certification system that certifies that power plants generate electricity using renewable resources.
What is I-REC?
I-REC is a tool used to promote and document the use of renewable energy among energy producers and consumers. This certification system allows energy producers to verify that they generate electricity from renewable energy sources, either licensed or unlicensed. For every megawatt-hour (MW) of electricity produced, an I-REC certificate is generated and registered in an international database. These certificates can then be used for trading.
How Does I-REC Work?
Producer Registration: Renewable energy producers can register in the I-REC database by meeting certain requirements. This registration represents a step that certifies that the producer’s energy production comes from renewable sources.
Certificate Creation: Producers create an I-REC certificate for each MW hour they produce. These certificates show that the energy produced is renewable and are used for trading.
Consumer Demand: Consumers can use I-REC certificates to prove that the energy they consume comes from renewable sources, without changing the source of their energy consumption.
Advantages of I-REC
I-REC certificates offer several advantages:
Promoting Renewable Energy: I-REC contributes to the growth of the green energy sector by increasing demand for renewable energy producers and supports the renewable energy strategies of countries like Indonesia, Egypt, Brasil, Turkiye, India, Bangladesh.
Carbon Footprint Reduction: Organizations can reduce their carbon footprint through I-REC certificates. These certificates can also be used in carbon footprint reporting and can provide tax advantages.
Investment in the Future: I-REC certificates guarantee that energy consumption is met from renewable energy sources for past and future years.
Reducing Greenhouse Gas Emissions: By promoting the use of renewable resources, I-REC contributes to the reduction of greenhouse gas emissions.
I-REC is an important tool to increase and document the use of renewable energy among producers and consumers. This certification system helps energy producers to prove energy production from renewable sources and helps consumers to promote the use of environmentally friendly energy. It also helps organizations reduce their carbon footprint and plays an important role in the transition to sustainable energy.