International Renewable Energy Certificates (I-RECs) are on the rise. Since its inception in 2015, the system for documenting renewable electricity outside of Europe and North America has experienced accelerated growth. This paper shows how new EU policy instruments –the Carbon Border Adjustment Mechanism (CBAM) and the Corporate Sustainability reporting Directive (CSRD) – have the potential to further stimulate demand for I-RECs and raise tens of billions of Euros for renewables within the current decade.
In this report, we:
- Explain the state of the I-REC market.
- Look at the development of the Guarantees of Origin (GO) market and how I-RECs could follow a similar trajectory.
- Calculate the potential of CBAM and the CSRD to increase demand for renewable electricity.
- Project the revenue I-RECs could generate for renewables towards 2030.
To read the full report, please enter your information below and gain access to exclusive market insight.
You can also click here to read our press release with the summarised story.