Thursday, 19 January 2023
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2022 has been another strong growth year for the I-REC(E) market, with issuance and redemption activities experiencing increases of 179 % and 102 %, respectively. In the normal fashion for intra-year activities, 2022 vintage issuance and redemption made up a minority (35%) of the total activities in 2022, with the majority of the 2022 vintage activities expected to be completed in the coming months. This annual analysis looks at some I-REC(E) highlights for 2022 and makes statistical-based predictions for the supply-demand balance of 2022 vintages for the coming months and years.
The I-REC market continues to grow exponentially and it expands into new territories, both through regulatory policy interaction and the expansion of issuance criteria within those jurisdictions and by approving new countries f...