Tracking world-wide renewable production and consumption
Tracking world-wide renewable production and consumption in accordance with the Green House Gas Protocol Scope 2.
“enotrack” is the tracking tool by Enovos to respond to the increasing request by multinational customers who have their offices worldwide and who want to full fill the requirements seen in the Greenhouse Gas Protocol Scope 2 guidance document as well as other leading consumer claim standard.
These customers, often members of the RE100 Group, have themselves committed to report on annual carbon footprints for their global operations.
RE100 is an association with the scope to develop renewable energy tools and resources to help companies promoting their business case for procuring 100 % renewable power.
Members within this association are IKEA, BMW, Swiss Re, BT, Coco Cola, Commerzbank, Crédit Agricole, H&M, Google, HP, KPN, Microsoft, Nestle, Nike, SAP, Starbucks,…..
In the past, CO2 emissions have been compensated with the use “scope 3” instruments such as VER and CER certificates. With the publication of the GHG Scope 2 in August 2015, the use of GOO’s has been explicitly recommended (Page 48) in order to full fill the requirements of controlling a company’s scope 2 emissions.
Since this publication, the interest of brokers from the carbon sector is turning towards attribute tracking mechanisms, such as the guarantees of origin. Their presence is also visible during international events by leading organizations in the attribute tracking market, such as RECS International and during their annual event the RECs Market Meeting.
In an effort to develop attribute tracking systems internationally, based upon the best practices of the US and European tracking systems RECS International supported the launch of the International REC Standard (I-REC Standard):
-The International REC Standard is a non-profit organisation that has been tasked with providing robust attribute tracking systems around the world. This standard requires local stakeholders and government authorities, wherever possible, to facilitate national implementation in adherence with local or national regulations. Based upon the I-REC Standard codes and associated documents – the blueprints for the attribute tracking system – l-REC independent issuers are able to implement robust and transparent attribute tracking systems, ensuring the highest quality systems and adherence to best practices for the avoidance of double counting, double certificate issuance and double attribute claiming. The I-REC Standard governing board regulates the use of the I-REC code and associated documents.
The I-REC Standard, in order to deliver its promise of reliable and robust attribute tracking systems, has teamed up with an external registry provider to ensure the highest-quality and most advanced registry for attribute tracking systems. The I-REC Standard believes that a single global registry will limit costs to participants. In addition this registry is paid for by the users of the system and as such can be implemented at no cost in various regions around the world for use by national and local authorities.
Most importantly the I-REC Standard and I-REC Infrastructure allow for the development of an I-REC market. This market is usually a national market which allows consumers the opportunity to deliver purchase and own consumption attributes from a specific electricity production devices. In this way consumers are able to support specific renewable technologies in a country or region where that choice historically did not exist.
Based on the I-REC System we can deliver actually I-REC Certificates for the following countries from local production devices:
- Europa and Middle East European Region
- Turkey, Russia*, Israel*,
- Vietnam, China, India, Taiwan, Japan*, Singapur,
- Mexico, Chile, Honduras, Brasilia, Argentina*
- Uganda, South-Africa*
*Countries where the use of the I-REC system is in discussion with local or national authorities and stakeholders, further countries can be added upon request of the market
For the moment the Sales Green Portfolio & Certification Department has an appropriate knowledge of the following markets:
- Belgium , Flemish region, Brussels region, Wallonia region
- United Kingdom
- I-REC Standard
For further information or question please contact
Responsible for Sales Green Portfolio & Certification Management
Enovos Luxembourg S.A.
Tel: +352 2737-6814