The I-REC tracking system will stop operating in China

The decision comes after the NEA published new “Renewable Energy Green Electricity Certificate Issuance and Trading Rules,” which make it impossible for any entity other than the national Green Electricity Certificate (GEC) scheme to issue Energy Attribute Certificates (EACs) for renewable energy electricity generation in China.

Local issuers have informed the I-TRACK Foundation that the registration of new electricity generation assets for I-REC issuance in the country will stop immediately. I-REC issuance for previously registered devices will be allowed until 31 March 2025, but only for power generated until 31 December 2024.

The I-TRACK Foundation emphasized that it “remains committed to supporting trade facilitation on a global scale and extends its willingness to support the Chinese economy, provided that such support complies with all applicable domestic laws and regulations.” It also expressed its willingness to re-engage with the Chinese market if future policy updates make it possible.

Ecohz's recommendations for corporate renewable energy buyers with operations in China

Ecohz is closely following developments in China and remains in constant communication with the I-TRACK Foundation.

The I-REC system continues to function normally. We encourage Ecohz clients to contact our team to establish a delivery timeline for their purchased volumes and to discuss procurement possibilities for the rest of the year.

Our team of advisors is available for questions at any time.