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Brunei is targeting 30% renewable energy by 2035. This ambitious goal is driving the development of a Renewable Energy Certificate (REC) market, which is still in its early stages.
Key sectors for REC demand in Brunei include manufacturing, smelting, non-manufacturing (primarily oil and gas), and data processing. These sectors have high energy consumption and are under increasing pressure to demonstrate sustainability commitments.
Multinational companies with operations in Brunei are already using RECs to meet their sustainability targets. This creates a potential ripple effect, encouraging local companies to adopt RECs to align with global partners and enhance their appeal.
Brunei’s oil and gas industry presents both a challenge and an opportunity for REC adoption. While currently excluded from initiatives like RE100 due to their high emissions, these companies are facing growing pressure to decarbonise and could utilise RECs to demonstrate progress.
Policy support for RECs is still developing. While Brunei has ambitious renewable energy targets, a dedicated REC policy framework or guidance is needed to further drive adoption and market growth.
ASEAN Centre for Energy (ACE) is an intergovernmental organisation within ASEAN structure that represents the 10 ASEAN Member States’ (AMS) interests in the energy sector.
