I-REC "International Renewable Energy Certificate," is a certificate system used to document and trade energy produced from renewable sources. I-REC is particularly important for energy producers, consumer companies, and participants in the energy market.
I-REC serves the following key functions:
The I-REC system can be implemented in different ways in different countries. However, generally, renewable energy producers align I-REC certificates with the amount of energy they produce. These certificates can then be sold to energy users or other companies through trade. I-REC is internationally recognized and aims to promote the global adoption of renewable energy.
With the increasing awareness of environmental issues, the concept of a carbon footprint is gaining more importance. The carbon footprint is a metric that measures the level of resource consumption and environmental impact of an individual, business