In many European countries, including Germany, GoOs are legally binding and have to be adequately reported. I-REC is a voluntary instrument for businesses and consumers through which they can acquire GoOs from outside Europe of use outside of Europe. Currently (May 2016) power plants can be registered and Guarantees of Origins can be issued in Chile, China, Honduras, India, Mexico, Taiwan, Turkey, Uganda and Vietnam. Other countries, such as Brazil, Israel, Japan, Russia, Singapore and South-Africa, are currently in talks regarding the I-REC standard.
The goal that the I-REC project is designed to fulfil is: to globally allow all consumers to cover their electricity consumption with renewable energy, regardless of where they consume their power and, at the same time, to give consumers the freedom of choosing in which country or region their electricity is produced. The IREC standard specifies the essential rules and regulations for ensuring a transparent and reliable global process that also prevents the double counting of electricity from renewable energy sources.
The Greenhouse Gas Protocol (GHG), within which the internationally recognized standard for the acquisition and the calculation of greenhouse gas emissions was developed, refers to the International Standard REC as a mechanism and instrument for guaranteeing origin for CO2 emission accounting on the global level (Scope 2). If you want to use guarantees of origin from Europe for global production in other countries, we will be at your service with our “Ex-domain tools”. This option is currently available worldwide and is already being practiced. For more information, please contact us.