Stichting I-REC

General Information

Identification Code: 456089792112-70

Website: https://www.trackingstandard.org/

Entity Form: Foundation

Registration Category: Non-governmental organisations, platforms and networks and similar

Registration Date: 5/21/2024

Mission & Interests

Goals: The International Tracking Standard Foundation (I-TRACK Foundation) aims to improve energy markets worldwide by standardizing Attribute Tracking Systems so that organizations can purchase and reliably claim the origin of their product. Our public Standard entails overarching rules and principles that a robust Attribute Tracking System must adhere to in order to be internationally recognized as a robust system. This includes governance aspects as well as definitions such as a certificate being an ex-post, factually verifiable instrument. Based upon this global set of rules and principles, we accredit organizations to operate markets for electricity, hydrogen, CDR, and potentially more products and commodities. They do this in collaboration with national governments, market players, and other stakeholders. We as Foundation are responsible for maintaining the overall quality of the system by making sure the general rules and principles are being followed.

Interests Represented: Does not represent commercial interests

Interests:

Energy

Levels of Interest:

global

Activities

Main EU Legislative Proposals: The I-TRACK Foundation sees Energy Attribute Certificate (EAC) playing a major role in both disclosure / reporting purposes as well as in international trade. Among other policy areas, the following are most critical. 1. A sensible and workable way to reliably and uniquely claim the ownership of CDR activities. Without a commonly recognized way to allocate ownership of CDR activities, we don't see a future in CDR. With our experiences in allocating ownership of energy attributes, we believe we can support in policy developments regarding this. 2. (COM(2021)0564 – C9-0328/2021 – 2021/0214(COD)) - Carbon Border Adjust Mechanism. We have been very active in the discussions around CBAM to allow for contractually defined emissions to be recognized. We see multiple design problems when taking a country and sector average when determining the carbon content of grid electricity. For example, it discourages companies to invest in renewables locally as their efforts wouldn't be recognized by CBAM beyond the effect the investment had on the total grid. More detailed argumentation and information about our efforts can be found here https://www.trackingstandard.org/how-the-eus-carbon-border-adjustment-mechanism-cbam-supports-actual-emissions-reporting-through-ppas-and-energy-attribute-certificates-eacs/

Communication Activities: publications: https://www.trackingstandard.org/the-i-rec-standard-foundation-on-cbams-effect-on-demand-driven-growth-for-renewables/?swpmtx=24acfb30499850c963738078fa2b51e4&swpmtxnonce=daf1c404d5 https://www.trackingstandard.org/how-the-eus-carbon-border-adjustment-mechanism-cbam-supports-actual-emissions-reporting-through-ppas-and-energy-attribute-certificates-eacs/?swpmtx=24acfb30499850c963738078fa2b51e4&swpmtxnonce=daf1c404d5 https://www.trackingstandard.org/eacs-and-indirect-emissions-reporting-under-cbam/?swpmtx=24acfb30499850c963738078fa2b51e4&swpmtxnonce=daf1c404d5 Events https://www.trackingstandard.org/conferences/

Inter-institutional or Unofficial Groupings: N/A

Head Office

Address: De Mortel 2D

Post Code: 5211HV

City: ‘s-Hertogenbosch

Country: NETHERLANDS

Phone:

Indic Phone: 31

Phone Number: 20399722

EU Office

Address: De Mortel 2D

Post Code: 5211HV

City: ‘s-Hertogenbosch

Country: NETHERLANDS

Phone:

Indic Phone: 31

Phone Number: 20399722

Financial Data

Closed Year:

Start Date:

End Date:

Funding Sources:

Other

Other Source Info: Accreditation market facilitators in the global EAC environment.

Contributions:

Amount: 0
Currency: €
_id:
Buffer:
0: 104
1: 64
2: 61
3: 202
4: 158
5: 212
6: 182
7: 32
8: 86
9: 90
10: 100
11: 97

Total Budget: 2250000

Grants:

Current Year:

Grants:

Membership Information

Members10 Percent: 1

Members: 1

Members F T E: 0.10000000149011612

Info Members: One employee of the organization works on the CDR expert group on Carbon Removals

Structure

Structure Type: Structure

Is Member Of: We don't have members, but we have accredited entities to operate attribute tracking systems. A full overview of all accredited entities can be seen through this link https://www.trackingstandard.org/accredited-entities/

Organisation Members: We have no active memberships