Australia authorized for below-baseline I-REC(E) issuance
Update on the Philippines Market: Release of the Renewable Portfolio Standard policy and its implications for I-REC(E) issuance
The Philippines has introduced a Renewable Portfolio Standard (RPS) mandating electricity suppliers to procure an agreed portion of their electricity supply from eligible renewable energy generation sources. The RPS will be tracked using a domestic registry under the purview of the Philippines Electricity Market Corporation (PEMC) pursuant to the Department of Energy Circular No. DOE […]
IKEA procuring renewable energy in Russia
Release of the revised I-REC for Electricity Product Code
Malaysia Launches a Green Electricity Tariff (GET) Program backed by I-REC Standard
Malaysia is making it easier for corporations and households to buy high-quality renewable electricity products, direct from the utility—Tenaga Nasional Berhad (TNB). The renewable power comes from solar and hydropower plants across the country, with clean power procurement evidenced by Malaysia Renewable Energy Certificates (mREC). Each mREC is denominated by an International Renewable Energy Certificate […]
Namibia is now approved as I-REC(E) issuing country
Developments with the Malaysian mRECs market
In July 2021, Maybank, one of Malaysia’s largest banks announced their five-year sustainability goals (M25 plan) that underlined the bank’s goals for Carbon Neutrality for Scope 1 and 2 emissions by 2030 (Net Zero Carbon Equivalent by 2050). And on the 7th of October 2021, Maybank signed with Tenaga Nasional Bhd’s subsidiary TNBX Sdn Bhd […]
Launch of the P-REC Aggregation Fund
The Global Innovation Lab for Climate Finance (the Lab) works with a network of private investors interested in directing funding toward low-economic countries to support energy efficiency, renewable energy, sustainable transport, climate-smart agriculture, and curbing deforestation. After a thorough process of analysis, development, and stress-testing, these solutions are ready to channel investment towards a net-zero […]
Developments with I-REC Standard approved I-REC Issuer in Oman
First three plants registered by Argentina’s I-REC Issuer, IRAM
