Singapore drafts ASEAN cross-border REC framework to drive regional power trade

Singapore’s Minister of State for Trade and Industry Gan Siow Huang announces new renewable energy and carbon policies at ACES. (Photo: MTI Singapore)

Singapore is spearheading efforts to establish a Cross-Border Renewable Energy Certificates (RECs) framework for ASEAN, aiming to align national standards across three key dimensions.

The initiative is designed to accelerate the formation of a regional renewable energy trading market in tandem with the steady expansion of the ASEAN Power Grid (APG), addressing the growing demand for corporate decarbonisation solutions.