Stichting I-REC

The I-REC Standard Foundation aims to improve energy markets worldwide by standardizing Attribute Tracking Systems so that organizations can purchase and reliably claim the origin of their product. Our public Standard entails overarching rules and principles that a robust Attribute Tracking System must adhere to in order to be internationally recognized as a robust system. This includes governance aspects as well as definitions such as a certificate being an ex-post, factually verifiable instrument.

Based upon this global set of rules and principles, we accredit organizations to operate markets for electricity, hydrogen, CDR, and potentially more products and commodities. They do this in collaboration with national governments, market players, and other stakeholders. We as Foundation are responsible for maintaining the overall quality of the system by making sure the general rules and principles are being followed.

The I-REC Standard Foundation sees Energy Attribute Certificate (EAC) playing a major role in both disclosure / reporting purposes as well as in international trade. Among other policy areas, the following are most critical.

1. A sensible and workable way to reliably and uniquely claim the ownership of CDR activities. Without a commonly recognized way to allocate ownership of CDR activities, we don't see a future in CDR. With our experiences in allocating ownership of energy attributes, we believe we can support in policy developments regarding this.

2. (COM(2021)0564 – C9-0328/2021 – 2021/0214(COD)) - Carbon Border Adjust Mechanism. We have been very active in the discussions around CBAM to allow for contractually defined emissions to be recognized. We see multiple design problems when taking a country and sector average when determining the carbon content of grid electricity. For example, it discourages companies to invest in renewables locally as their efforts wouldn't be recognized by CBAM beyond the effect the investment had on the total grid. More detailed argumentation and information about our efforts can be found here https://www.irecstandard.org/news/the-i-rec-standard-foundation-on-cbams-effect-on-demand-driven-growth-for-renewables/

www.irecstandard.org

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No lobbyists with EP accreditations

External consultants
• Szilvia Kalmár
• Maximilian Larson
• Sabrina Zielinski

Data not provided by Register Secretariat due to GDPR

Data not provided by Register Secretariat due to GDPR

Non-governmental organisations, platforms and networks and similar