San Francisco, California Jan 31, 2024 (Issuewire.com) - Sustainiam, a leading market infrastructure provider for the global energy transition, is launching trading in renewable energy certificates (RECs) based on the International REC Standard (I-REC) and the Evident registry on its EmX (Emission Exchange). This strategic move aims to diversify the range of global RECs available on the platform, opening up opportunities for active exchange participants to engage in the I-REC market and enhancing price discovery and liquidity formation.
This initiative aligns with the growing interest in the global trade of renewable energy assets.
Diverse Solutions for the Energy Transition: In the energy transition, theres no one-size-fits-all solution. Participants require a diverse toolkit to realize their decarbonization strategies. I-RECs represent a valuable addition to the varied set of voluntary and compliance RECs and carbon credits accessible through Sustainiam, commented Sapna Nijhawan, Founder of Sustainiam. This is especially significant for multinational corporations seeking to address Scope 2 emissions in countries lacking compliance markets for renewables.
Key Features and Integration:
Global Impact: The introduction of I-REC into the Sustainiam market ecosystem will significantly broaden options for generators, traders, and consumers across Latin America, Africa, the Middle East, and Asia. Integration directly into the Evident registry will streamline interaction between Evident and Sustainiam Users.
Collaboration for Increased Liquidity: Marketplaces like EmX as operators are collaborating with the Evident registry to offer I-RECs to their global networks, and increased liquidity in the global renewables market benefits all participants.
Empowering Climate Action: Sustainiams rules-based markets and infrastructure empower stakeholders to deliver transparent, credible, and auditable environmental claims, addressing the growing global demand for assurance and accountability in climate action and sustainability performance.
For more information, please visit Sustainiam.com.
Source :Sustainiam Inc.
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