Companies have alternative instruments to contract green power

Under Paris Climate agreement there are 3 categories of emissions per company;

1. Scope 1 emissions are direct emissions while producing.
2. Scope 2 emissions are the emissions related to energy and its use.
3. Scope 3 emissions are all emissions related to offices and others like delivery emissions and other transportation.

Green power can be purchased directly but lack of labelling can make power use grey instead of green. Sources like coal gas and other fossil fuels can be part of energy used for production.

iREC is an international available green power certificate that, when purchased, can be used to offset grey power and turns it into green power also lowering the scope 2 emissions.

I expect this market to grow substantially over the next decade.

iREC offers buyer access to green power and seller in some cases sovereign states can generate extra income by selling a surplus of green energy into global corporate markets.