In the context of increasingly severe climate change, the search for and use of renewable energy sources is becoming an inevitable trend. Renewable Energy Certificates (RECs) have emerged as an effective solution, helping to promote the use of clean energy and minimize negative environmental impacts.

What are International Renewable Energy Certificates (I-RECs)?

International Renewable Energy Certificates (I-RECs) are electronic certificates representing the environmental attributes of 1 megawatt-hour (MWh) of electricity generated from renewable energy sources such as:

*   Solar power

*   Wind power

*   Hydropower

*   Biomass power

Each I-REC corresponds to 1 MWh of renewable electricity fed into the grid. These I-RECs can be bought, sold, and traded on the market, allowing businesses and individuals to offset greenhouse gas emissions from traditional electricity consumption.

Benefits of International Renewable Energy Certificates (I-RECs)

• Reduced Greenhouse Gas Emissions: Using I-RECs helps reduce CO2 and other greenhouse gas emissions into the environment, contributing to climate change mitigation.
• Promoted Renewable Energy Development: The I-REC market creates financial incentives for renewable energy projects, encouraging investment in and development of clean energy sources.
• Enhanced Brand Image: Using I-RECs demonstrates a company’s commitment to the environment, enhancing its reputation and brand image in the eyes of customers and partners.
• Meeting Regulatory Requirements: In many countries, the use of I-RECs is a mandatory requirement for businesses to achieve sustainable development goals.
• Transparency and Credibility: I-RECs are issued and tracked by reputable organizations, ensuring the transparency and credibility of the renewable energy source.

Applications of International Renewable Energy Certificates (I-RECs)

• Businesses: Businesses can purchase I-RECs to offset greenhouse gas emissions from production and business operations or to achieve environmental certifications such as LEED, ISO 14001.
• Individuals: Individuals can purchase I-RECs to support the use of renewable energy and minimize their environmental impact.

• Government Organizations: Government organizations can use I-RECs to achieve greenhouse gas emission reduction targets and promote renewable energy development.

International Renewable Energy Certificate (I-REC) Market in Vietnam

Vietnam is making strong progress in developing renewable energy. The I-REC market in Vietnam is gradually forming and developing, opening up opportunities for businesses and individuals to participate in the use of clean energy.

Conclusion

International Renewable Energy Certificates (I-RECs) are an effective tool to promote the use of renewable energy and minimize negative environmental impacts. The use of I-RECs not only benefits businesses and individuals but also contributes to building a green and sustainable future for our planet.