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Quickly Reduce Scope 2 Emissions and Achieve Sustainability Goals
Renewable Energy Certificates (RECs)
Renewable Energy Certificates, or RECs, are market-based instruments that represent the generation of renewable energy (RE) from renewable sources such as solar, wind, and hydropower.
1 REC is created for every 1 MWh of energy generated, giving owners the right to claim the use of renewable energy.
RECs track and validate the generation of 1MWh of renewable energy, which offsets Scope 2 emissions. With RECs, your company can assert that it is powered by RE sources.
Renewable Energy Certificates may be a good fit for your company if you:
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want to reduce your energy consumption and carbon emissions.
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are facing difficulties installing renewable energy (RE) facilities such as rooftop solar panels.
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have ambitious sustainability goals you are trying to achieve.
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Reduces a company's carbon footprint by offsetting indirect Scope 2 emissions
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Supports RE sources without needing to install any physical facilities
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Enables cost-saving benefits and flexibility in meeting decarbonisation goals
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Allows companies to instantly claim the usage of renewable energy
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Meets renewable energy mandates and sustainability reporting requirements
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Promotes ESG commitment and strengthens corporate credentials
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6 Benefits of RECs
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What to Consider When Buying RECs
To make an informed decision, here are four aspects you should review before purchasing RECs.
Verification & Certification
Verify that the RECs are certified by responsible organisations. This confirms that the RECs are legitimate and represent actual renewable energy generation.
Price
RECs can vary in price, depending on the type of certificate and the provider. While price is an important consideration, it is also crucial to choose a provider that offers high-quality, legitimate RECs at a fair price.
Quantity
Determine how many RECs you need to purchase based on your energy usage and desired level of carbon offsetting.
Tracking & Reporting
Ensure that you can track and report the environmental and social benefits associated with the purchase of RECs.
Renewable Energy Certificates (RECs) are market-based instruments that represent the generation of renewable energy from renewable sources, which can be sold and traded. One REC represents 1 megawatt-hour (MWh) of renewable energy generated by solar, wind, or other renewable sources.
RECs are a way for businesses to support the production of renewable energy and reduce their carbon footprint. By purchasing RECs, companies can show their commitment to sustainability, meet their sustainability goals, and comply with sustainability requirements set by regulators or stakeholders.
To start purchasing RECs in Malaysia, you can reach out to a renewable energy supplier or broker, such as Progressture Solar, who can help you find and buy RECs that meet your sustainability goals.
Alternatively, you can work with a sustainability consultant or expert who can provide guidance and support throughout the process, from selecting the right RECs to measuring the impact of your sustainability efforts.
RECs represent the environmental and social benefits of producing renewable energy, while carbon credits represent the reduction of carbon emissions from a specific project or activity.
RECs are associated with renewable energy generation, while carbon credits are associated with emissions reductions or removals from the atmosphere.
Frequently Asked Questions (FAQs)
RECs can be used to offset your business's carbon footprint by representing a reduction in carbon emissions equal to the amount of renewable energy generated.
For example, if your company purchased a REC representing 1 MWh of renewable energy, you can use that REC to offset 1 MWh of carbon emissions. This can help your business reduce its overall carbon footprint and demonstrate its commitment to sustainability.
To ensure that the RECs you purchase are credible and legitimate, it is important to look for RECs that are verified by independent third-party organisations. These organisations can verify the source and quantity of renewable energy and ensure that the RECs meet recognised sustainability standards or guidelines.
In Malaysia, the Sustainable Energy Development Authority (SEDA) is responsible for issuing and tracking RECs and setting guidelines and standards for REC certification.
Reduce your carbon footprint and reach your sustainability ambitions with us today
What Do We Offer?
WE BUY
This solution is designed for RE asset owners who are looking to monetise their green attributes. Some of the benefits include:
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A seamless and hassle-free transaction process.
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Passive revenue stream on top of existing RE investments.
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Increasing RE accessibility.
More than 300 companies worldwide have committed. We can help you do the same.
WE SELL
This option is for companies wishing to comply with ESG reporting while developing a sustainable corporate image. The following benefits apply:
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Showcase the company’s commitment to RE and sustainability.
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Reduce operational Scope 2 emissions.
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Achieve great cost savings without the installation of RE facilities.