Sembcorp venture launches platform for int’l renewable energy certificates trading in Brazil

GoNetZero collaborated with Instituto Totum for the project.

Sembcorp’s carbon management solutions corporate venture, GoNetZero, has rolled out a blockchain-powered digital platform for trading Brazil International Renewable Energy Certificates (I-REC).

In a bourse filing, Sembcorp said GoNetZero collaborated with Instituto Totum for the project.

Instituto Totum is an authorised local issuer of I-REC in Brazil.

“The collaboration puts GoNetZeroTM in a strong position to support the fast-growing renewable energy certificate market in Brazil. Brazil is the world’s second-largest I-REC market where the volume of I-REC issued in 2022 doubled from the year before to 22 million, representing green energy equivalent to powering 4.0 million typical households* in Singapore for a year,” Sembcorp stated.

“Renewable energy generators in Brazil are now able to seamlessly list their I-REC for sale directly on GoNetZeroTM’s platform upon the issuance of the I-REC by Instituto Totum. The streamlined process offers generators faster speed to market and convenient access to GoNetZeroTM’s global network of buyers,” Sembcorp added.

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