Renewable energy certificates (RECs) are a globally recognized tool that enable companies to purchase renewable power in a transparent and credible way. RECs have a clear value proposition—for project developers, they generate additional revenue for each MWh of renewable power they produce. For corporate buyers, they are essential for meeting sustainability targets, globally.
In Malaysia, RECs are bringing together key stakeholders to scale up renewable energy generation, and to drive sustainable economic growth. They are aligned with the nation’s Sustainable Development Goals and renewable energy targets; and satisfy all international reporting criteria for the RE100, Science Based Targets Initiative, CDP, and other key reporting frameworks.
The Sustainable Energy Development Authority Malaysia (SEDA) is partnering with APX Inc. to ensure corporate buyers in Malaysia can access RECs on a trusted international platform—the Tradable Instrument for Global Renewables Registry, or “the TIGRs Registry”. SEDA is an authorized verifier or Qualified Reporting Entity (QRE) for the TIGRs Registry and the first to be appointed by APX Inc in Malaysia.
The event will set Malaysia apart as a regional leader in clean and renewable energy. It will support the country to achieve its targeted 25% renewables share of the energy mix by 2025, and will enable international brands to access clean energy, in line with global targets and reporting criteria.
SEDA and APX. Inc. will host a half-day seminar at IGEM 2018 to introduce opportunities in the REC market. The workshop receives official support from BURSA Malaysia. The workshop will address: (i) what RECs are and who uses them; (ii) impacts on developers, power purchasers, and the domestic energy market; and (iii) how to participate in the REC market.
The workshop will share international best practices on how renewable energy developers are supporting the world’s leading brands to achieve sustainability targets—highlighting impacts that the REC market will have on all key stakeholders in Malaysia.
Date: 18/10/2018
Time: 2:00 pm – 4:30 pm
Venue: Stage 1, Exhibition Hall 4, KL Convention Centre
More details: http://www.seda.gov.my/?omaneg=00010100000001010101000100001000000000000000000000&y=45&s=6810