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Strong Growth in Indonesia’s REC Market: Indonesia is experiencing a surge in REC demand, driven by multinational corporations and a growing number of local companies across various sectors. This growth is expected to accelerate as the country actively promotes wider REC adoption.
Key Sectors Driving REC Demand: Manufacturing, smelting, non-manufacturing, and data processing are identified as sectors with significant REC demand potential.
Varying Levels of REC Adoption Across Sectors: While REC adoption is strong in the manufacturing and data processing sectors, driven by commitments to initiatives like RE100 and SBTi, it remains relatively low in the non-manufacturing sector, particularly in oil and gas, mining, and agriculture.
PLN’s Role in Expanding REC Access: PLN’s REC productmis making RECs more accessible to smaller businesses, contributing to a more diversified and inclusive REC market.
Need for Policy Support to Further Stimulate REC Demand: A clear legal framework for RECs is crucial to sustain market growth, attract investment, and encourage greater participation from companies in sectors with currently low REC adoption.
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.
