How to Buy I-RECs in Nepal

Posted : July 2, 2025
Buyers of Environmental Commodities

Companies across the globe have been empowered to reduce their emissions using renewable energy certificates (RECs), such as those supported by the International Tracking Standard (formerly the I-REC Standard).

Businesses in Nepal can now take advantage of International Renewable Energy Certificates (I-RECs) to reduce their Scope 2 Emissions. This is one of the most simple ways to take climate action!

This article looks at how to buy I-RECs in Nepal.

What are I-RECs?

The I-REC Standard is a global system for tracking environmental attributes of electricity generated from renewable sources. The tracking is achieved by the use of verified, traceable certificates known as known as I-RECs.

I-RECs monitor the journey of renewable energy from its generation at a power plant to its consumption by the end user. The system for I-RECs operates much like the Guarantees of Origin (GOs) in Europe and Renewable Energy Certificates (RECs) in the United States. While GOs and RECs track energy in their markets, I-RECs offer this capability in many other countries.

How do I-RECs Work?

I-RECs are created for each MWh of renewable energy produced by power plants registered on the I-REC Standard. Businesses can then purchase these I-RECs to ensure that no greenhouse gas has been released in the generation of the electricity they’ve used.

The revenue generated supports the development of new renewable energy projects, encouraging further reduction of greenhouse gas emissions and benefiting end-consumers.

How do Companies in Nepal Benefit from Using I-RECs?

I-RECs are a practical and easy tool for companies to reduce their carbon emissions and achieve their sustainability goals.

I-RECs are a practical tool used by companies to meet their sustainability goals in relation to emissions reduction. Some of the key benefits for businesses using I-RECs includes:

Reducing an organisation’s carbon footprint (Scope 2 emissions) with an established, accepted and cost-effective initiative
Enabling companies to choose to use renewable energy, and enabling companies to choose which specific renewable energy power plant to support
Achieving your sustainability goals, in compliance with different environmental company standards, such as Greenhouse Gas Protocols, RE100, SBTi, the Net-Zero Standard, CDP and others.

These changes can improve a company’s public image, showcasing a commitment to combating climate change.

Corporate REC Purchases also drives Nepal’s Shift Beyond Hydropower

Although hydropower still provides more than 95 % of Nepal’s electricity, government road-maps and analysts warn that relying on a single river-based resource leaves the grid exposed to seasonal drought and climate shocks. National targets therefore call for raising solar, wind and other non-hydro renewables to at least 5–10 % of generation by 2030, and the Nepal Electricity Authority has already launched a 2.2 GW competitive-bidding programme for utility-scale solar to kick-start that shift.

When corporate buyers voluntarily purchase and retire I-RECs issued by solar or wind projects, they also help to accelerate diversification. Every megawatt-hour that earns a certificate, and a buyer, encourages a technology other than hydropower onto the Nepali grid, directly advancing the government’s diversification goal.

How to Start Using I-RECs in Nepal

It’s easy for a company in Nepal to start to use I-RECs.

Simply calculate your company’s electricity consumption in MWh and purchase an equivalent number of RECs.

Monsoon can then retire these certificates with your company’s details attached. An example is provided below:

Though using I-RECs to reduce your carbon emissions is not complex or difficult, there are rigorous rules applied to the use of I-RECs that your company should be aware of. These rules determine whether your I-RECs are eligible for counting towards reducing your carbon footprint or not. Monsoon can help you navigate these rules.

How to Buy I-RECs in Nepal

Monsoon Carbon is a trusted leader providing verified I-RECs in Nepal. We supply I-RECs sourced from accredited renewable energy power plants in Nepal on spot or forward orders.