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 […]

Department of Energy is now the I-REC Standard Accredited Issuer in Abu Dhabi

The Netherlands, 25th of August 2021: The International REC Standard Foundation (I-REC Standard) and the Abu Dhabi Department of Energy (DoE) have signed a local Issuer agreement, formalizing DoE’s position as the sole Issuer of I-RECs in the Emirate of Abu Dhabi. Commenting on the newly signed Issuer agreement, H.E. Eng. Awaidha Murshed Al Marar, […]

Release of the Singapore Standard

To ensure the use of high-quality instruments in Singapore, the Singapore Standards Council (SSC) has developed a new Singapore Standard (SS) – the SS “Code of Practice for Renewable Energy Certificate (REC).” The “Code of Practice for REC,” is the first of its kind in Southeast Asia and was supported by the Standards Development Organisation […]