Macau International Carbon Exchange Completes Brazil's First I-REC Transaction

According to Foresight News, the Macau International Carbon Exchange has announced the completion of Brazil's first household photovoltaic International Renewable Energy Certificate (I-REC) transaction. This initiative marks a new attempt utilizing blockchain technology, significantly reducing the time from electricity information registration to green certificate trading to approximately one week, compared to the previous duration of one month or longer. The green electricity data was integrated into the blockchain and fully digitized. This household photovoltaic I-REC was developed based on a project operated by Yingzhen Technology in Paraná, Brazil. The green certificate was registered by REDEX and issued by the Green Certificate Company (GCC).