The International REC Standard Foundation's first I-REC Standard Conference (ISC) will take place in the following 2 days in Bangkok, Thailand, where global green energy and energy industry-related companies will gather. The event will enable in-person exchanges focusing on I-REC platform transaction mechanisms, emphasizing issues of how to integrate blockchain technology, the development mode of I-REC in emerging markets, REC integration, and others. APh ePower, an energy service provider based in Taiwan, is also invited to the conference, connecting with the world and speeding up the support for enterprises to achieve net zero emissions.
The agenda of ISC is centered on the EAC market. EAC (Energy Attribute Certificates) is the general term for renewable energy certificates. Depending on the different market, region, and management mechanisms, it can be divided into US RECs, EU GOs, Taiwanese T-RECs, etc. The Taiwan Renewable Energy Certificate (T-REC)has been continuously working with the certificate centers of different countries and is currently recognized by CDP, RE100, LEED, etc.
As the demands of the green supply chain escalate, apart from expanding the green energy consumption ratio in Taiwan, Taiwanese enterprises may still be under pressure of renewable energy shortage when operating in other countries. In such cases, they must purchase the renewable energy certificates of energy generated by the electric grid within the same region of their facilities’ location, offsetting the carbon emissions "generated from power usage," which means GHG inventory scope 2 (ISO 14064:2018 Scope 2) carbon emissions generated by purchased energy, shall also be included. Yi-Yun Huang, the sustainability consultant that will represent APh ePower at the ISC, noted the company anticipates acquiring further insight into I-REC transaction procedures and the application of EAC in CBAM, which shall be utilized to assist enterprises to obtain international RECs, enable green energy services in Taiwan, perform carbon reduction within scope 2, and master the development trends of the international market.
Currently, most Taiwanese enterprises would start their path to carbon neutrality with carbon footprint measurement and carbon reduction. However, as carbon reduction has its marginal, some irremovable carbon emissions will remain. Under the trend of carbon reduction and relevant laws and regulations becoming stricter, and how RECs can only offset the emission from purchased energy, enterprises still must tackle other indirect carbon emission categories within the supply chain in the long run. As carbon credits offer carbon offsets, they have become the key to achieving net zero goals, as well as to the company’s success in sustainable development and future competitiveness.
The sustainability consultants of APh ePower include multiple registered carbon footprint inventory validators and professionals who have passed the PAS 2060 certification on carbon neutrality. They also have practical experience in the transaction of domestic/foreign green energy markets, as well as handling the certificates for voluntary carbon credit preparation and offset. In addition, APh ePower has been developing safe and ecological aluminum batteries featuring quick charge and discharge, building up advantages with the "scarce resources" of the energy storage market. With its dynamic energy solutions, APh ePower is the best partner to have for Taiwanese Enterprises aiming for ESG and net zero goals.