Market statistics

A paradigm shift in the making for renewable energy demand?

Impressive growth in the I-REC market – global Renewable Energy Certificates

Published 29 June, 2020
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. Since then, the development of I-REC around the world has been an impressive success. The I-REC Standard has become an essential instrument for reporting electricity consumption by corporates, institutions and individuals.

European Residual Mixes 2019 show CO2 footprint when not using documented renewable electricity

Guarantees of Origin (GOs) are used to track renewable electricity in Europe. Consumers who do not choose renewable electricity with GOs will use a mix (Residual Mix) of energy produced from renewable, fossil and nuclear sources.

The Association of Issuing Bodies (AIB) has published the Residual Mixes and European Attribute Mix for 2019. The European Attribute Mix for 2019 is 4.44% renewable, 42.02% nuclear and 53.53% fossil. The change to last year is (respectively) +2.00%, +5.06% and -7.07%. The volume of reliably-tracked electricity origin grew from 988 TWh to 1068 TWh. The share of untracked consumption has continued to decrease and is now 67.3% (70% in 2018).