Renewable Energy Certificate System in BIMP-EAGA Countries (RECAP) Project

Objectives & Goals

The RECAP project aims to:  

• Study the market potential of RECs in BIMP-EAGA countries  
• Study the REC registries function vis-à-vis national electricity market rules of BIMP-EAGA countries  
• Develop a conceptual framework for the REC system in BIMP-EAGA countries 

 

The goals of the project are to:  

• The identification of REC market potential in BIMP-EAGA countries: 
  • The key drivers and needs of the companies or enterprises that look for RECs, 
  • The projection of RECs transaction volumes in the targeted countries, 
  • The targeted countries’ level of interest and readiness to support the growth of local and regional REC transactions. 

• The findings of REC registries function vis-à-vis national electricity market rules of BIMP-EAGA member states: 
  • The national electricity market rules/regulations assessment for renewable energy projects,  
  • The measurement, reporting, and verification (MRV) requirements for REC and carbon credit registries. 

• The conceptual framework of the REC system in BIMP-EAGA countries: 
  • The roles and responsibilities: domestic verifiers, regional issuer, etc.,
  • The consent and common understanding of the governance and funding strategies.