As more Brazilian companies seek to minimize their carbon footprint, the country has seen a considerable increase in demand for international renewable energy certificates (I-RECs) this year, according to Argus media.
I-REC transactions reached 13.2 million from January 1 to May 10, up from 9.2 million in all of 2021, said Fernando Lopes, director of Instituto Totum, which certifies I-RECs in Brazil. He forecasts that demand will remain robust this year as businesses strive to meet sustainability targets.
