REDEX Group operates Asia’s leading trading platform for Renewable Energy Certificates (RECs). REDEX offers a one-stop ecosystem for RECs, supporting clients through the full lifecycle of asset registration, production verification, sale and retirement.
Mission
Accelerate the world’s transition towards renewable energy by improving profitability and market access. To achieve this, REDEX leverages Hedera digital ledger technology to record all aspects of the REC lifecycle. As the level of trading complexity grows, Hedera provides a robust, scalable solution with low transaction fees and high accessibility to all market participants.
Carbon Project Integrity
The Guardian Ecosystem enables ALLCOT to create a standardized project development framework that fosters trust, transparency and compatibility across all project stakeholders. This ensures the creation of high-integrity projects while maximizing benefits for local communities.
The Guardian Ecosystem facilitates the fulfillment of methodology standards, validation body requirements, project developer needs, and community expectations, thereby enhancing the overall efficiency and transparency of the project
ALLCOT stakeholders benefit from access to accurate and comprehensive information on Hedera Guardian’s public ledger, leveraging a common set of rules and standards, fostering trust and accountability.
Transparently demonstrating how project resources are allocated on the public ledger enables ALLCOT’s stakeholders to comprehend the full scope of a project's efforts, flow of funds, and impact.
By recording the transaction cost at every stage of a project's progress, resulting carbon credits can be priced to maximize revenue distribution back to the local community.
By utilizing Hedera Guardian’s digital ledger, ALLCOT is able to minimize accounting errors, make auditing more open and efficient, and enable a more equitable emergence of verification and validation partners.
The Hedera Guardian Ecosystem establishes a secure chain of data custody, particularly in the case of drone-captured information for origination purposes. This enables ALLCOT to ensure that all project data remains intact, trustworthy and accurately tethered to each project attribute.
By ensuring that data provided aligns with the necessary frameworks, the Guardian helps meet specific industry needs and standards, while ensuring compliance with multiple reporting requirements.
ALLCOT is focused on creating products that surpass the limitations of conventional methods, shifting towards more advanced and efficient approaches to future sustainability markets.
The Guardian serves as a single source of truth, ensuring that policies and rules are standardized and compatible with other sustainability market actors. This enables ALLCOT to align financing through carbon forwards and the structuring of green bonds seamlessly across various entities within the ecosystem
The adoption of a common taxonomy within Guardian enables ALLCOT to establish a standardized language for discussing and addressing various sustainability issues. This fosters better communication and alignment for more effective and cohesive climate action.
By leveraging the flexibility and adaptability of Guardian, ALLCOT has the ability to provide various pathways for different stakeholders as the sustainability market evolves.
The Hedera Guardian Ecosystem operates as a common good, providing services to the entire ecosystem without an extractive fee-based model.
ALLCOT leverages the Hedera Guardian Ecosystem to build on and integrate various services and initiatives already established by other community members. This creates an aligned, streamlined ecosystem of sustainability market actors that avoids duplication to serve the needs of communities, investors, and project developers.
Innovating the REC market
REDEX is developing practical and innovative solutions to meet the clean energy needs of corporations globally.
Liquidity, transparency and convenience
By integrating APIs across key actors in the RECs ecosystem, REDEX makes the market more accurate and efficient by replacing manual labor.
Greater accessibility
The current REC system is built more for B2B uses. For B2C, a more open and transparent architecture will make the audit trail more accessible to end consumers.
Demonstrate real-world impact
REDEX’s solution enables consumers to know that the REC premiums they pay make a real and direct impact in real world projects.
Market expertise
An early innovator, REDEX leverages their strong understanding of the renewables market to develop impactful, innovative solutions that directly drive market growth.
Case study: RECs Tokenization with Energie de France (EDF)
REDEX is developing a proof of concept with EDF to automate REC transactions through their lifecycle in real-time. This represents the first RECs tokenization project that enables real-time high-volume transactions with end consumers
The project will primarily benefit electric Vehicle charging companies and their clients by giving them access to real-time retirement of RECs, making instantaneous trades possible. This will enable more products to be differentiated in branding as "100% renewable", driving more demand for RECs, which will lead to more renewable energy projects being built.
This project will enable the market to move towards more consumer-facing applications where traceable environmental attributes can be attached directly to end products.
REDEX is proud to work with Hedera's ecosystem of partners:
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