2.8. International Renewable Energy Certificates (IRECs)
The International REC (I-REC) Standard started off in 2014 to document and report that the energy you consume outside Europe and North America comes from renewable energy sources. The ambition was to bring renewable electricity tracking to parts of the world that did not yet have a national or regional solution in place. The first full year of operation started with three countries – Turkey, Taiwan and China – with just a few registered power plants. Today, 34 countries are approved for I-REC, the most recent and significant one being Russia joining the club.