At the first ever I-REC conference, held in Bangkok last week, stakeholders gathered from around the world to share and seek insights into the rapidly growing I-REC market. The broad participation witnessed of the global reach of corporate EAC demand and climate commitments, and the opportunities public and private stakeholders see with EAC market engagement. We share key takeaways from the conference about market trends and policy developments.
Executive Summary
- While being an international product, I-REC prices are determined by national market boundaries (as defined by corporate RES-E sourcing and GHG accounting standards) and individual denominators, such as the development of local renewable capacity and policy and EAC mechanisms (e.g. mRECs in Malaysia and GECs in China).
- Geographic/market fragmentation and competition with local EAC mechanisms increa...
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