RECs provide an incentive for renewable energy development by offering asset owners, such as solar energy users, additional income streams.
AS South-East Asian countries are stepping up their efforts for decarbonisation goals, Malaysia is still in the “work-in-progress” mode when it comes to strengthening its environment, social and governance (ESG) goals in line with national standards.
The government has committed to a net-zero target by 2050, which requires 70% of its installed power capacity to be renewable. To achieve this, the country will need 55 to 65 gigawatts (GW) of clean electricity capacity, translating to the addition of up to 2GW of new capacity each year.
