Stichting I-REC
General Information
Identification Code: 456089792112-70
Website: [object Object]
Entity Form: Foundation
Registration Category: Non-governmental organisations, platforms and networks and similar
Registration Date: 5/21/2024
EP Accredited Number: 0
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: [object Object]
EU Office
Address: De Mortel 2D
Post Code: 5211HV
City: ‘s-Hertogenbosch
Country: NETHERLANDS
Phone: [object Object]
Financial Data
New Organisation: false
Closed Year: [object Object]
Current Year: [object Object]
Membership Information
Members10 Percent: 1
Members25 Percent: 0
Members50 Percent: 0
Members75 Percent: 0
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