ISDA publishes ISDA U.S. Renewable Energy Certificate Annex
Client(s) International Swaps and Derivatives Association, Inc. (ISDA)
Jones Day advised the International Swaps and Derivatives Association, Inc. (ISDA) in the development of the ISDA U.S. Renewable Energy Certificate Annex (REC Annex) to enable market participants to efficiently sell and purchase renewable energy certificates (RECs) under the ISDA Master Agreement. Jones Day prepared the REC Annex as ISDA's counsel.
The REC Annex is part of ISDA's broader efforts to facilitate the transition to a sustainable economy by offering a vital tool to help market participants mobilize financing and/or meet their environmental, social, and governance (ESG) goals. The REC Annex is designed to function as an industry standard template for REC transactions and can be combined with other ISDA documentation to establish the terms of additional ESG products.
In connection with the publication of the REC Annex, Jones Day prepared and released a Commentary and Annotated ISDA REC Annex with explanatory footnotes to further guide market participants on select provisions in using the REC Annex.
