ABOUT CORAL FUTURE
We harness the power of business to create a more sustainable world. We have more than 15 years' experience working on sustainability and carbon credits solutions.
SERVICES
To us, being a good advisor and a good solutions provider are one and the same.
INITIATIVES
To help you make informed decisions, here is an overview of how other climate initiatives are relevant to our work.
RECs
With Renewable Energy Certificates (RECs), users can make reliable claims that their electricity usage originates from a renewable source which can be tracked. It allows companies to reduce their Scope 2 emissions associated with purchased electricity, contributing to their decarbonization targets, such as RE100.
WHAT ARE RECs?
Renewable Energy Certificates or, in short, RECs is an energy attribute certificate that represents one megawatt-hour (1MWh) of electricity produced by renewable sources.
When consuming electricity from a national or regional grid, the consumers may get energy from all sources, including fossil fuel-fired power plants. Owning RECs allows consumers to claim their electricity consumption is from renewable energy sources. RECs can originate from wind, solar, biomass, hydro, landfill gas, geothermal and biogas projects.
WHY ARE COMPANIES USING RECS?
Next
WHO BUYS & SELLS THESE CARBON CREDITS?
Previous
Previous
WHY ARE COMPANIES USING RECS?
Companies have several options in front of them as far as sourcing renewable energy is concerned. They can set up their own project for captive consumption or purchase electricity from another generator through a PPA. Both these options should be the first priority as they create maximum positive impact, but many companies may not have the capacity to set up their own project or the necessary skills and commitment needed to sign up for a long-term PPA. This is where RECs come in.
RECs allow companies to source renewable electricity and give them the flexibility to choose from multiple generators without getting into a long-term commitment.
WHAT IS AN I-REC?
Next
WHAT ARE RECs?
Previous
Previous
WHAT IS AN I-REC?
To generate and use RECs, electricity generation should be certified and tracked through reputed and recognised standards. The I-REC standard, developed and managed by the International REC Standard Foundation, a non-profit organization that provides a robust electricity attribute tracking system, is one such standard.
The I-REC standard is a recognized and reliable tool for tracking electricity generation and usage from renewable sources. This ensures that the I-REC standard is in compliance with major international sustainability standards, including the GHG Protocol, CDP, RE100, ISO and others.
HOW ARE RECS GENERATED AND USED?
Next
WHY ARE COMPANIES USING RECS?
Previous
Previous
HOW ARE RECS GENERATED AND USED?
A REC is issued for every 1 MWh of renewable energy produced by a power generation facility. First, the facility needs to be registered and approved by the I-REC Standard. Once approved, actual electricity generation data and supporting documents are collected and submitted to the I-REC standard for approval. Once RECs are issued, they can be transferred to a company looking to source renewable electricity. RECs cannot be claimed twice and can be easily tracked in a central database managed by the I-REC standard.
WHAT IS AN I-REC?
Previous
Previous
WHAT ARE RECs?
Renewable Energy Certificates or, in short, RECs is an energy attribute certificate that represents one megawatt-hour (1MWh) of electricity produced by renewable sources.
When consuming electricity from a national or regional grid, the consumers may get energy from all sources, including fossil fuel-fired power plants. Owning RECs allows consumers to claim their electricity consumption is from renewable energy sources. RECs can originate from wind, solar, biomass, hydro, landfill gas, geothermal and biogas projects.
WHY ARE COMPANIES USING RECS?
Companies have several options in front of them as far as sourcing renewable energy is concerned. They can set up their own project for captive consumption or purchase electricity from another generator through a PPA. Both these options should be the first priority as they create maximum positive impact, but many companies may not have the capacity to set up their own project or the necessary skills and commitment needed to sign up for a long-term PPA. This is where RECs come in.
RECs allow companies to source renewable electricity and give them the flexibility to choose from multiple generators without getting into a long-term commitment.
WHAT IS AN I-REC?
To generate and use RECs, electricity generation should be certified and tracked through reputed and recognised standards. The I-REC standard, developed and managed by the International REC Standard Foundation, a non-profit organization that provides a robust electricity attribute tracking system, is one such standard.
The I-REC standard is a recognized and reliable tool for tracking electricity generation and usage from renewable sources. This ensures that the I-REC standard is in compliance with major international sustainability standards, including the GHG Protocol, CDP, RE100, ISO and others.
HOW ARE RECS GENERATED AND USED?
A REC is issued for every 1 MWh of renewable energy produced by a power generation facility. First, the facility needs to be registered and approved by the I-REC Standard. Once approved, actual electricity generation data and supporting documents are collected and submitted to the I-REC standard for approval. Once RECs are issued, they can be transferred to a company looking to source renewable electricity. RECs cannot be claimed twice and can be easily tracked in a central database managed by the I-REC standard.
HOW CORAL FUTURE SUPPORTS YOU
PLANNING & PREPARATION
We evaluate the project’s eligibility and manage document preparation and submission for approval.
PROJECT I-REC REGISTRATION AND APPROVAL
We prepare project documents, stakeholder consultation reports, third-party validation and submission to I-REC standard for approval.
RECS ISSUANCES
Coral Future collects electricity generation data and requests RECs issuance periodically.
SALES & TRADING
We engage in marketing and sales of RECs through our global network of buyers. The projects benefit from the additional revenues from the sale of such RECs.
HOW CORAL FUTURE SUPPORTS YOU
PLANNING & PREPARATION
We evaluate the project’s eligibility and manage document preparation and submission for approval.
PROJECT I-REC REGISTRATION AND APPROVAL
We prepare project documents, stakeholder consultation reports, third-party validation and submission to I-REC standard for approval.
RECS ISSUANCES
Coral Future collects electricity generation data and requests RECs issuance periodically.
SALES & TRADING
We engage in marketing and sales of RECs through our global network of buyers. The projects benefit from the additional revenues from the sale of such RECs.